Holcim Examining 10 Acquisitions Targets, CEO

Holcim is considering 10 potential acquisitions of large and small companies after the Swiss cement maker has agreed to sell its Indian business to Adani Group for $10.5 billion. 

"We are growing quite rapidly and we plan to use the proceeds from the sale to further accelerate our strategy by 2025 and acquire new businesses," Jenisch told reporters.

"Currently, we have about 10 transactions that we are reviewing and negotiating. It's a small deal, it's a big deal," he said. "We're ready for another Firestone," he said, referring to Holcim's $3.4 billion acquisition last year.

On Sunday, Billionaire Gautam Adani won the deal to buy shares in Swiss giant Holcim's stake in Ambuja Cement and its subsidiary ACC for $10.5 billion, including a bid.

In a statement, the Adani Group announced that it had reached a final agreement to acquire all of Holcim's shares from two major Indian cement companies, Ambuja Cement and ACC, through an offshore special purpose company.