Cement News tagged under: merger
Holcim06 January 2015, Published under Cement NewsThe European Commission has cleared the proposed merger of Holcim and Lafarge, subject to the disposals already agreed with the commission. The names of the merged group’s executive team have been announced and, in addition to the previously-announced CEO and finance director, these consist of four candidates from each of the two companies involved. Meanwhile, Holcim New Zealand is selling its 72 per cent stake in McDonalds Lime to the Canadian group Graymont, which is the second-largest ... |
Holcim and Lafarge select future executive committee24 December 2014, Published under Cement NewsHolcim and Lafarge have selected the future executive committee to head the combined company after completion of the merger. In the new set-up, Bruno Lafont, as CEO, will head up a project team of 10 seasoned managers who will lead the transition until the completion of the merger. Once the merger is finalised, the members of this project team will be officially appointed members of the Executive Committee of the proposed combined company by the future Board which will be chaired by Wolfgang... |
Cementos Argos23 December 2014, Published under Cement NewsCementos Argos has pulled out of the running for any Brazilian assets being sold off following the Lafarge/Holcim merger. According to Cementos Argos, any potential purchase would not “generate the value its investments would expect”. UltraTech Cement has reportedly also followed suit with the Brazilian economy being blamed by many for the u-turn. Brazil has seen its economy shrink by 0.9 per cent in 2Q14 and a further 0.25 per cent in the third quarter. Growth of around 1.4 per cent is p... |
Cemex says no bid on Lafarge-Holcim assets24 October 2014, Published under Cement NewsMexico-based Cemex has announced it will not make an offer for Holcim and Lafarge assets that are available due to the proposed merger of the two cement giants, said Cemex CEO, Fernando Gonzalez, in a conference call with analysts. |
Argos considers acquiring Holcim and Lafarge Latin America divestments15 August 2014, Published under Cement NewsColombia's Cementos Argos is currently looking into acquiring the assets Lafarge and Holcim are planning to sell in Latin America, particularly Mexico and Brazil. However, it has not yet finalised any negotiations. "We are firstly interested in looking at Mexico and Brazil," said José Alberto Vélez, president of the Argos Group, in the local newspaper La República. "We have been watching with interest and enthusiasm, but have nothing concrete yet." Earlier this month, Holcim and Lafarge... |
Lafarge06 August 2014, Published under Cement NewsThe proposed merger with Holcim is likely to result in the sale of Lafarge's operations in Romania, Germany, the Mannersdorf works in Austria, the wholly-owned operations on Réunion and the interest in the Lafarge Tarmac joint venture, though one of its cement works might be taken back into full ownership. The future of the assets in The Philippines and Brazil have yet to be agreed with the relevant competition authorities. Lafarge has agreed the sale its 76.9 per cent holding in Lafarge P... |
Mauritius opens LafargeHolcim merger inquiry06 August 2014, Published under Cement NewsThe Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the island's cement market. If the merger is completed successfully, Lafarge and Holcim have said they will both sell their holdings in Holcim (Mauritius) Ltd to a third party. "We appreciate that the merger parties have informed the CCM of their actions and are reactive with respect to measures that restore competiti... |
Holcim and Lafarge announce proposed asset disposals07 July 2014, Published under Cement NewsTwo months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a... |
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake05 May 2014, Published under Cement NewsPakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ... |
LH merger: a new era begins02 May 2014, Published under Cement NewsLafarge and Holcim have surprised the industry by confirming their intention to combine in a ‘merger of equals’, designed to create an unrivalled building materials group with operations spanning 90 countries and sales of EUR32bn. The transaction, which is scheduled to close by the 1H15, has divided opinion, excited commentators and is certain to herald a new era for the global cement industry. Holcim chairman, Rolf Soiron, (left) and Lafarge CEO, Bruno Lafont, (right) announce the... |