Cement News tagged under: Lafarge Shui On
Lafarge China launches tender offer for Shuangma Cement17 July 2015, Published under Cement NewsSichuan Shuangma Cement said its controlling shareholder Lafarge China plans to launch a tender offer for its shares from other shareholders except Lafarge Shui On (Sichuan) Investment for CNY5.64 each, or CNY1.07bn in total. The tender offer is triggered by the merger between Lafarge and Holcim and is pending relevant approval. |
China: Lafarge to buy out 45% interest in Lafarge Shui On Cement03 March 2015, Published under Cement NewsLafarge has signed an agreement to acquire the 45 per cent stake held by SOCAM Development Ltd in Lafarge Shui On Cement, for a consideration of HKD2553m (c€294m) subject to the completion of its merger project with Holcim. With a total cement production capacity of 32Mta in South West China in the provinces of Yunnan, Sichuan, Guizhou and Chongqing, Lafarge Shui On Cement would thus become a wholly-owned subsidiary of LafargeHolcim following completion of the merger project and this purcha... |
Lafarge to continue investing in China06 June 2013, Published under Cement NewsLafarge said it will continue investing in China in research, namely in research, production and the creation of new partnerships, according to the company’s chief. Bruno Lafont, chairman and chief executive of the French cement major told the People’s Daily China that the company will invest using a “value-growth” model. It will prioritise its existing position in southwest China, although it may expand to other parts of the country, he added. On China’s overcapacity issues, Lafont s... |
SOCAM to exit Lafarge joint venture by 2015, China02 January 2013, Published under Cement NewsSOCAM DEV announced that the shareholders of Lafarge Shui On Cement Ltd, in which it has a 45 per cent interest, have agreed on a plan to facilitate the exist of the group from this joint venture. It is expected that the agreed roadmap will enable an exit no later than 2015. |
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