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Lafarge to buy back Baring stake in Indian unitLafarge India is reportedly buying back the 14.03 per cent stake it sold to global private equity investor Baring Private Equity Asia in 2013. Through its wholly-owned subsidiary Paris Cement Inv...News - 21 January 2015 |
CCI decision on Lafarge and Holcim merger due ‘within a month’The Competition Commission of India (CCI) will soon decide on the proposed merger between Lafarge and Holcim, the Economic Times (India) cited CCI chairman, Ashok Chawla, as saying. "The final ord...News - 20 January 2015 |
Egypt: Supreme Administrative Court suspends privatisation appealThe Supreme Administrative Court has decided to halt proceedings looking into the appeal against the privatisation of Egypt-based Beni Suef Cement Company. The court has ordered that workers are...News - 20 January 2015 |
Algeria’s expansion driveAs cement demand rapidly increases across north Africa, Algeria leads the region’s drive to increase its cement production capacity. Supported by an active housing and infrastructure construction ...Articles - 19 January 2015 |
Holcim remains committed to Lafarge merger despite SNB moveHolcim said it remained committed to a planned merger with Lafarge despite a move by the Swiss National Bank (SNB) that knocked almost CHF3bn (US$3.45bn) off the Swiss company's market value. In ...News - 16 January 2015 |
Blackstone, CVC reportedly among bidders for Lafarge and Holcim assetsGroups led by Blackstone Group LP and CVC Capital Partners Ltd have submitted bids for assets put up for sale by Lafarge and Holcim, according to reports by Bloomberg citing people familiar with t...News - 15 January 2015 |
Babcock awarded fleet management contract by Lafarge TarmacLafarge Tarmac has awarded Babcock International Group a GBP41m (EUR52.4m) five-year contract (with a five-year extension option) to provide a fleet-managed service for its Heavy Mobile Equipment ...News - 13 January 2015 |
UltraTech to not bid for Lafarge/Holcim assetsUltraTech has pulled out of the race to buy cement assets up for sale as Lafarge and Holcim’s proposed merger, the Indian cement major confirmed to local press. An UltraTech spokesperson told ...News - 13 January 2015 |
The year ahead...2015 has got off to something of a bumpy start with sharply-declining oil prices (below US$50/bbl at the time of writing), on-going geopolitical risks (eg Russia and Syria), and economic uncertain...International Cement Review Editor's Blog - 12 January 2015 |
Stronger markets in 2015?What does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative recovery in world cons...News - 09 January 2015 |