Cement News tagged under: Anglo America

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Lafarge and Anglo American sell UK assets to Mittal

16 November 2012, Published under Cement News

Lafarge and Anglo American agreed to sell UK assets for up to GBP285m, clearing the way for their building materials joint venture, according to Reuters. The sale, to Indian steel tycoon Lakshmi Mittal, was a condition set by Britain's Competition Commission to allow the two companies to combine their building materials activities in the country. The divestments, which are conditional upon regulatory approval, comprise: a cement plant in Hope, Derbyshire, with a capacity of 1.4Mt,...

Breedon targets acquisitions from Lafarge and Anglo-American UK sales

02 May 2012, Published under Cement News

Breedon Aggregates is eyeing the quarry assets of Lafarge and Anglo American PLC that need to be sold for their British joint venture to succeed. The aggregate company is likely to bid on the quarries up for sale after the Competition Commission ruled yesterday that a merger between Lafarge and Anglo American’s UK subsidiary, Tarmac, could go ahead only after substantial disposals. This means that the Hope Cement works, in Derbyshire, and a host of quarries, ready-mixed concrete and asp...

Commission demands Lafarge/Anglo asset sale, UK

01 May 2012, Published under Cement News

The UK’s Competition Commission (CC) has said Anglo American PLC and Lafarge must sell a significant portfolio of operations before their proposed construction materials joint venture can go ahead. A nglo American, through its UK subsidiary Tarmac, and Lafarge are both global firms that supply construction materials in the UK. The parties proposed to establish a 50:50 joint venture, to which each of them would contribute the bulk of their construction materials businesses in the UK. ...