Cement News tagged under: Holcim
CRH: climbing the building materials ladder06 February 2015, Published under Cement NewsNews that CRH has beaten off competition to acquire a package of assets from Lafarge and Holcim ahead of their planned merger has been welcomed by the market, but not everyone is convinced by the rationale and apparent shift in strategy. CRH confirmed on Monday that it had “entered into a binding agreement to acquire certain assets currently owned by either Lafarge and Holcim that the companies must sell for their proposed merger to receive regulatory approval across various juris... |
Cemex02 February 2015, Published under Cement NewsCemex completed the purchase Holcim’s activities in the Czech Republic and two of Holcim’s Spanish cement works and its sale of its cement, concrete and aggregates assets in western Germany along with 59 batching plants in Germany and six in The Netherlands. |
CRH strikes deal to acquire €6.5bn Holcim and Lafarge assets02 February 2015, Published under Cement NewsCRH has reached a deal to acquire €6.5bn in the assets of Lafarge and Holcim who are restructuring to win regulatory approval for their planned merger. The deal will significantly expand CRH’s globally footprint in the cement industry by acquiring new facilities in the Philippines, Canada, Brazil and several countries in Europe. Commenting on the acquisitions, CRH chief executive Albert Manifold said: “This transaction represents a significant value creation opportunity for CRH. We are acqu... |
CRH confirms discussions over Lafarge and Holcim assets23 January 2015, Published under Cement NewsCRH has confirmed that it is in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of by the two companies in advance of their proposed merger. “While there can be no certainty that these discussions will result in a transaction, if an acquisition was to proceed, it is likely that it would be funded through a combination of existing cash balances, debt and an equity placing,” CRH said in a statement released yesterday. “At this stage ... |
CCI decision on Lafarge and Holcim merger due ‘within a month’20 January 2015, Published under Cement NewsThe 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 order on the case should be out within a month," Mr Chawla said. In December the cement producers said in India, both companies “are well on track” in preparing the merger with the future structure for this part of the world. Sources told the ET that the CCI is likely to prescribe a structural remed... |
Holcim remains committed to Lafarge merger despite SNB move16 January 2015, Published under Cement NewsHolcim 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 a surprise move, the SNB said on Thursday it would abandon the 1.20 per euro cap on the franc, sparking a near 30 per cent surge in the franc against the European currency and triggering a bout of equity market turbulence. Speaking to Reuters, Holcim declined to comment on the SNB's move or its sha... |
Blackstone, CVC reportedly among bidders for Lafarge and Holcim assets15 January 2015, Published under Cement NewsGroups 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 the matter. Blackstone teamed up with Cinven Ltd and Canada Pension Plan Investment Board, while CVC made a bid with Singapore’s sovereign-wealth fund GIC, the undisclosed sources said. CRH, the Dublin-based building-materials company, is also reported to be among those who have submitted bids for... |
UltraTech to not bid for Lafarge/Holcim assets13 January 2015, Published under Cement NewsUltraTech 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 ET Now that the company has not participated in the final round of bidding. The company had reportedly previously expressed an interest in buying assets in Brazil and Philippines and had placed a bid in the first round. The due diligence process had been conducted for assets worth around US$2bn b... |
Stronger markets in 2015?09 January 2015, Published under Cement NewsWhat 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 consumption in spite of a significant slowdown in China, according to new analysis published in International Cement Review. Morgan Stanley expects global cement demand, inclusive of China, to rise to 2.8 per cent in 2015, marginally up from the 2.5 per cent growth recorded in 2014, which was the ... |
LH merger markets07 January 2015, Published under Cement NewsThe proposed merger of Lafarge and Holcim will see the divestment of assets by both companies in up to 15 markets to satisfy market regulators. In this article, the future cement consumption level for each of these markets is presented in a set of forecasts especially commissioned by ICR. By Rob Roy, ROI Economic Consulting, USA. Lafarge-Holcim merger countries selected for this market forecast With Lafarge and Holcim operating cement plants throughout the world and frequently s... |