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How has Binani Cement ended up facing insolvency?The interest in the insolvency-stricken Binani Cement has been mounting since the summer and large investors are now lining up to bid for the portfolio of cement plants in India, China and UAE. Bu...News - 24 November 2017 |
PPC board rejects Fairfax offerThe board of PPC has advised its shareholders not to accept the offer of Fairfax Africa Investment Pty Ltd to buy a stake in the South African cement producer. The company will continue talks with...News - 24 November 2017 |
Irish Cement plans to reduce carbon emissionsIrish Cement has stated that its plans to increase alternative fuels usage is not a move to develop a waste incinerator, according to The Irish Times. The company has been using 120,000t of residu...News - 22 November 2017 |
CRH sees a 3% revenue increase in 3Q17CRH has reported a three per cent increase in revenue for the third quarter of 2017. The group's EBITDA has also risen two per cent YoY for the 3Q. The company’s trading performance has particula...News - 21 November 2017 |
Binani Cement sale attracts multinationals and local producer interestBinani Cement has attracted interest of as many as 15 bidders, say senior officials at the comapny, including CRH, Lafarge and Heidelberg Cement as well as local players India Cement, Orient Cemen...News - 21 November 2017 |
Karsdorf Cement plant sale to be abandonedSchwenk KG has abandoned its plans to acquire Opterra’s cement plant in Karsdorf, according to a press release by the Bundeskartellamt (Federal Cartel Office - FCO). The withdrawal of the notifica...News - 20 November 2017 |
Will ARM secure a firmer financial footing?The increasing trend of African sector mergers reflects the tightening economic pressures on African cement producers and their challenging prospects going forward. In the past week, ICR has repo...News - 17 November 2017 |
CRH plans cash bid for PPCIreland’s CRH has registered its interest in submitting a cash bid for South African cement producer PPC as it takes on AfriSam and LafargeHolcim. While PPC did not disclose the amount of the b...News - 14 November 2017 |
CRHThe shareholders of Ash Grove Cement have now approved the take-over by CRH, adding eight cement works, 52 batching plants and 45 aggregates extraction sites. The potential alternative offer for A...Corporate - 01 November 2017 |
PPCOctober has seen the saga over PPC’s future continue to dominate the headlines. Last month saw AfriSam submit a merger deal, backed by Toronto-based Fairfax Financial Holdings. However, Prudential...Corporate - 01 November 2017 |