Wendel Investissement plans to buy Groupe Materis for EUR1.02 billion from private equity group LBO France. LBO France bought the company for EUR1.1 billion in 2003 from French construction giant Lafarge SA (LR). Groupe Materis specializes in paints, mortar, and strengthening agents for concrete and cement. The company has annual sales of roughly EUR1.5 billion (Dow Jones newswires).
Malayan Cement FY26 net profit rises 34%
Malayan Cement Bhd reported a 34.3 per cent increase in net profit to MYR903.17m (US$214m) for...