Cement News tagged under: Eurocement
Sberbank and Eurocement agree debt restructuring deal16 March 2016, Published under Cement NewsRussia's leading cement producer, Eurocement group, and Sberbank CIB have agreed on conditions for restructuring the company’s loan portfolio. The deal envisages pushing back loan repayments worth RUB42bn (US$597.8m) and US$360m by up to six years and optimisation of interest rates. The conditions for restructuring the debt portfolio will enable Eurocement group to take a more flexible approach to financing its operational activities and help it achieve strategic goals. "Sberbank C... |
Russia's Sberbank sells 6.12% stake in LafargeHolcim08 February 2016, Published under Cement NewsRussia's Sberbank confirmed on Friday it had sold a 6.12 per cent stake in LafargeHolcim to a group of foreign investors. Sberbank acquired a 6.12 per cent stake in LafargeHolcim in January from Eurocement Holding AG as part of a repurchase agreement. |
LH confirms Sberbank shareholding27 January 2016, Published under Cement NewsLafargeHolcim Ltd said in a statement yesterday that it was informed on 25 January 2016 by Sberbank of Russia that it holds, through a repurchase transaction with Eurocement Holding AG, 6.12 per cent of the voting rights and of the registered share capital of LafargeHolcim Ltd. This corresponds to 37,172,910 registered shares and voting rights. According to the declaration of Sberbank of Russia, the Stock Exchange Act threshold of five per cent was exceeded on 21 January 2016. |
Russian Sberbank gets 6% of LH from Eurocement in repurchase deal25 January 2016, Published under Cement NewsSberbank CIB, the investment banking arm of Russian lender Sberbank, announced on Friday it now holds six per cent of LafargeHolcim following a repurchase deal with Russian Eurocement Holding. Under the terms of the agreement, the investment arm had organised financing for Eurocement Holding AG in return for 37m shares in LafargeHolcim. Eurocement has the right to buy back the shares at a specific price and on a certain date. The agreement was implemented on 21 January, the statement sa... |
LH Merger nears completion01 May 2015, Published under Cement NewsAs Holcim’s shareholders prepare to meet next Friday to vote on the planned merger with Lafarge, will the confirmed support of Eurocement and a better than expected 1Q15 performance by Lafarge be enough to seal the deal? The planned EUR41bn tie-up between the world's two leading cement majors – billed as a “merger of equals” – was thrown into doubt in March as Holcim demanded new terms, stating that the deal “could no longer be pursued in its present form.” Holcim investors had wat... |
Eurocement backs Holcim-Lafarge merger30 April 2015, Published under Cement NewsEurocement Holding AG, Holcim Ltd's second-largest shareholder, said it supports the Swiss cement maker's planned merger with Lafarge SA . "Having analysed all advantages and disadvantages of a possible creation of the biggest global construction materials player we think that the prospective of the development of the combined company is very positive, so we will support the merger," Eurocement said in a statement. Eurocement, which has a 10.8 per cent stake in Holcim, said it intends to k... |
Ahangarancement produces 400,500t of cement in 1Q, Uzbekistan20 April 2015, Published under Cement NewsAhangarancement JSC, part of the Eurocement Group, produced 400,500t of cement in the first quarter of 2015, according to data released by its parent company. In the reporting period, the plant produced 242,489t of clinker. Shipments over the Jan-March 2015 period reached 388,397t, exceeding the target figure by 11 per cent. |
Holcim says Eurocement proposal 'too late' for consideration at meeting17 April 2015, Published under Cement NewsHolcim said a proposal by a major shareholder to have a seat on the LafargeHolcim board had come too late to be included in the agenda of a shareholder meeting next month. Lafarge and Holcim announced the names of the candidates for the board of the new group earlier this week, in a list comprising seven nominees from Holcim and seven from Lafarge. On Wednesday, Eurocement notified Holcim that, as the Swiss major’s second largest shareholder, it was nominating Galchev to join the board... |
Eurocement seeks Galchev Board seat at LafargeHolcim16 April 2015, Published under Cement NewsEurocement Holding AG, the second-biggest shareholder in Holcim Ltd, said Wednesday it is nominating its owner, Filaret Galchev, for a position on the Board of the company that would be created by the planned tie-up between Holcim and Lafarge. The proposed nomination of Galchev in an emailed statement may signal that Eurocement, which holds a 10.8 per cent stake in Holcim, is willing to support the merger with Lafarge at next month's shareholder vote. The firm, however, gave no indication... |
LH merger: Galchev demands improved terms06 April 2015, Published under Cement NewsRussian billionaire, Filaret Galchev, who holds 10.8 per cent of Holcim through Eurocement holding, is demanding a renegotiation of the deal by Holcim and Lafarge to create the world’s largest cement company. The revised terms of the merger gave a more attractive share-swap ratio for Holcim shareholders, whereby Lafarge shareholders would receive nine Holcim shares for every 10 Lafarge ones, rather than the one-for-one ratio previously proposed. However, Galchev, Holcim’s second-largest s... |