Cement News tagged under: Mergers and Acquisitions

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10 October 2017, Published under Cement News

Cemex has sold its 9.47 per cent direct stake in Grupo Cementos de Chihuahua for around US$168m, while retaining an indirect interest via the shares held by CAMCEM SA and this amounts to around 20 per cent. An earlier tranche was disposed of in February of this year.  


10 October 2017, Published under Cement News

HeidelbergCement has provisionally agreed terms with Cementir to acquire Cementir Italia’s Italian cement and ready-mixed concrete business, subject to such a deal not being blocked by the competition authorities. Bearing in mind that Italcementi is the domestic market leader by a substantial margin approval may not be that easily obtained and may require some disposals to other parties. The proposed purchase of Cementir Italia in 2018 is thought to cost around EUR315m and should roughly ...

China National Building Materials (CNBM)

25 September 2017, Published under Cement News

China National Building Materials (CNBM) has said that its merger with China National Materials Group Corp (Sinoma) will be finalised by the end of this year. The merger process began back in August 2016 when the deal was approved by the Chinese State Council. Recent weeks have seen nine subsidiaries of the two groups suspend trading, fuelling speculation that the merger is being accelerated. CNBM hopes to use the merger to cut debt by increasing operation cash flow and decreasing capital...


25 September 2017, Published under Cement News

A bidding war for PPC is underway after Dangote Cement submitted a takeover deal of cash and shares to the company last week. The offer comes after PPC received a joint offer from its domestic rival AfriSam Group and Toronto-based Fairfax Financial Holdings. Dangote has said that it has two banks willing to support its offer but declined to name the lenders. “The market in South Africa needs consolidation. It’s the right thing for us to go in there and consolidate,” says Dangote Cement. A...


25 September 2017, Published under Cement News

PPC shareholders will meet in early October to discuss merger proposals for the company. Following two previous unsuccessful attempts, AfriSam has once again submitted a merger deal, this time supported by Toronto-based Fairfax Financial Holdings. This has been followed by a new deal from Dangote Cement, which apparently has the support of two banks. According to local media reports, PPC’s largest shareholder, Public Investment Corporation (PIC), supports the joint offer from AfriSam and ...

AfriSam submits revised PPC merger offer

05 September 2017, Published under Cement News

South Africa’s cement maker AfriSam has submitted a revised merger approach to larger domestic rival PPC, the company said on Monday. AfriSam’s latest proposal values PPC at 5.75 rand per share, or SAR9.2bn (US$709.47m), and is the company’s  third attemp to merge with PPC and create a pan-African cement group with assets across six countries. As part of the proposal, the African unit of Canada's Fairfax Africa Holdings offered to buy 22 per cent of PPC at 5.75 rand per share for SAR2b...

Magnesita's first-half revenue rises 14%

15 August 2017, Published under Cement News

Magnesita Refratários SA, a global leader in refractory solutions and industrial minerals, recorded consolidated net revenue of US$552m in the first half of 2017, representing a 14 per cent YoY increase over the comparative period of 2016. Adjusted EBITDA reached US$91m in the 1H17, up by 13 per cent over 1H16, with a 16.5 per cent margin in the period. The performance was mainly driven by the 10.3 per cent increase in sales to the steel industry. Record in dead burnt magnesia sales, whic...

Lafarge board approves merger with Unicem, Atlas Cement

07 August 2017, Published under Cement News

The board of directors of Lafarge Africa has approved the commencement of a merger with United Cement Company (Unicem) and Atlas Cement Co, according to a statement by the company published on the website of the Nigerian Stock Exchange (NSE). The company will now seek the approval of the Securities and Exchange Commission and all other relevant regulatory bodies to further the implementation of the merger.

Breedon completes acquisition of Humberside Aggregates

01 August 2017, Published under Cement News

Breedon, the UK’s largest independent construction materials group, announced that it has today completed the acquisition of Humberside Aggregates Ltd (Humberside) for a total consideration of GBP9m, subject to completion adjustments. Humberside is a leading independent sand and gravel quarry and aggregates merchanting business based at North Cave near Hull in east Yorkshire, employing around 30 people. It supplies a broad range of customers, including ready-mixed concrete and mortar prod...

Buzzi completes acquisition of the Zillo Group

05 July 2017, Published under Cement News

Buzzi Unicem has completed the acquisition of the Zillo Group with the purchase of the remaining 52.1 per cent of the share capital of Cementizillo, the Italian cement major confirmed in a statement earlier this week. Following completion of the deal, Buzzi  Unicem owns 100 per cent of the company. The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make Buzzi the clear leader in the northeast of the country. Not only does mean Buzzi closes the gap on It...