Cement News tagged under: Lafarge
Holcim Board seek exchange ratio renegotiation for Lafarge-Holcim merger16 March 2015, Published under Cement NewsHolcim has issued a statement on its Annual General Meeting and the Board of Directors' decision to renegotiate the exchange ratio for the Lafarge-Holcim tie-up. The Board of Directors of Holcim Ltd has decided that the agenda for the Annual General Meeting of 13 April 2015 will only contain topics related to Holcim Ltd. This decision has been taken due to pending antitrust clearance in the US and India, pending EU approval of CRH as purchaser of divested assets, as well as delays in the ... |
Lafarge increases stake in Unicem09 March 2015, Published under Cement NewsLafarge Africa Plc has notified the Nigerian Stock Exchange that Nigerian Cement Holdings BV (NCH), a 50 per cent affiliate of Lafarge Africa, has completed the acquisition of a 15 per cent stake in Unicem from FMN Cement Industries Limited, a wholly owned subsidiary of Flour Mills of Nigeria Plc . NCH had a 70 per cent share interest in Unicem and following the acquisition, has now increased its stake to 85 per cent. A further 15 per cent tranche is expected to be acquired by NCH on or... |
China: Lafarge to buy out 45% interest in Lafarge Shui On Cement03 March 2015, Published under Cement NewsLafarge has signed an agreement to acquire the 45 per cent stake held by SOCAM Development Ltd in Lafarge Shui On Cement, for a consideration of HKD2553m (c€294m) subject to the completion of its merger project with Holcim. With a total cement production capacity of 32Mta in South West China in the provinces of Yunnan, Sichuan, Guizhou and Chongqing, Lafarge Shui On Cement would thus become a wholly-owned subsidiary of LafargeHolcim following completion of the merger project and this purcha... |
Holcim to offer shareholders merger sweetener?02 March 2015, Published under Cement NewsHolcim is considering offering its shareholders a sweetener to win their approval for a planned merger with Lafarge, Reuters reported citing an article in a Swiss newspaper. Analysts have seen a potential divergence in earnings outlooks between the two companies as opening the possibility of a renegotiation of the terms of the deal, which foresees each Lafarge share being swapped for one Holcim share. Swiss weekly Sonntagszeitung reported, without citing a source that Holcim was looking a... |
Lafarge uplifts its dividend proposal24 February 2015, Published under Cement NewsLafarge's Board of Directors has decided to fix the proposed 2015 ordinary dividend at EUR1.27 per share, the company announced in a statement. This adjustment aims at equalising dividends to be paid by Lafarge and Holcim based on the dividend announced today by Holcim in accordance with the Combination Agreement between Lafarge and Holcim signed on 7 July 2014. In the context of the planned merger, the Board of Directors also decided to propose an acceleration of the payment date of the L... |
CCI clears LH merger on condition23 February 2015, Published under Cement NewsThe Competition Commission of India has reportedly given the green light to the Lafarge and Holcim merger on condition it divests divests some of its units, including limestone reserves, to prevent a monopoly in eastern India, top sources said. After prima facie investigations by CCI revealed the combination will likely have an appreciable adverse effect on competition, especially in eastern India, the CCI launched ‘phase II investigations’. It put the merger proposal in public scrutiny u... |
LH: potential merger of Indian operations on the cards?20 February 2015, Published under Cement NewsLafarge and Holcim may bring together their local Indian interests as part of the merger process between the two global cement majors, according to local press. The Economic Times reported yesterday that Holcim and Lafarge plan to merge Holcim’s local companies ACC and Ambuja Cements together with Lafarge India, citing sources with direct knowledge of the matter. According to the report, the plan is still at an early stage and the cement producers have mandated investment bank Lazard to adv... |
Lafarge's final full year turnover and EBITDA in decline18 February 2015, Published under Cement NewsLafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m. Net financial charges declined by a furthe... |
Mexico: LH merger green light18 February 2015, Published under Cement NewsMexico’s Federal Commission for Economic Competition (Cofece) has granted approval for the merger of Lafarge and Holcim (LH). Lafarge is a market player in Mexico through an indirect stake in ELC Tenedora de Cementos, which produces white and grey cement in its plants in Hidalgo state. “On 16 December 2014, Lafarge sold its stake in ELC to Elementia and as such does no longer have any stake in the Mexican cement industry and therefore, the operation does not have any effect on the str... |
Lafarge opens new building materials distribution centre, Algeria09 February 2015, Published under Cement NewsLafarge opened a new building materials distribution centre at M’Sila on 3 February 2015. "This new distribution centre is part of Lafarge Algeria’s business strategy to get closer to the end user and make a full range of high-quality products available at stable prices," said the company in a press statement. Lafarge operates two cement plants in Algeria - one in M’Sila and a further one in Oggaz (Mascara) - representing a total production capacity in the country of around 8.6Mta. It al... |