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Holcim: UBS still a buyer after sale of Indian businesses

( - The company has announced the sale of its businesses in India for 6.
4 billion Swiss francs.

Following this announcement, UBS reinstates its buy rating on the stock, maintaining its target price at 55 Swiss francs.

"The sale of India is agreed for a ~14.5x EV/EBITDA," the broker said.

The company wants to focus on its Solutions & Products division, in which it has invested 5 billion Swiss francs over the past twelve months.

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