Cement News tagged under: Mergers and Acquisitions

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2015: year in review

24 December 2015, Published under Cement News

As the final week of 2015 approaches, we take a look back at some of the most talked-about topics of the year across the global cement arena. In terms of worldwide cement consumption trends, demand is expected to have contracted in 2015 in the low-single digit range, marking the first reduction since 1990. Excluding China, which accounts for over 70 per cent of global consumption, demand is anticipated to have risen by 2.1 per cent, according to forecasts by HSBC soon to be presented in th...

Shanshui subsidiary alleges Tianrui takeover of unit was illegal

08 December 2015, Published under Cement News

Tianrui Group's move to take full control over a unit of Shanshui Cement is facing challenges, Dow Jones reported. Shandong Shanshui Cement Group said in a statement on 'Chinamoney' that Shanshui Cement board's removal of management and directors from Shandong Shanshui was illegal as this required government approval. Chinamoney is an official site affiliated with the central bank, and is used by companies to post announcements about bonds. Tianrui, the largest shareholder of Shanshui Cem...

Cyprus: change in VCW ownership structure

08 December 2015, Published under Cement News

The Archbishopric of Cyprus purchased 12.84m shares of Vassiliko Cement Works (VCW) from the Hellenic Mining public company at EUR1.20/share. The total value of shares bought adds up to EUR15.4m.
 The transaction resulted in a change over the voting rights of the participating companies. Hellenic Mining voting rights in Vassiliko Cements, a subsidiary of the Cyprus Cement Public Company (CCPC), were reduced down to zero from 17.85 per cent whereas the Archbishopric of Cyprus increased its v...

Anhui Conch to double West China Cement stake

30 November 2015, Published under Cement News

Anhui Conch Cement Co has agreed to more than double its stake in West China Cement Ltd for HK$4.59bn (US$592m). Conch International Holdings (HK), a wholly owned unit of Anhui Conch, plans to increase its holding in Shaanxi-based West China from 21.17 per cent to to 51.57 per cent, the companies said in a filing to the Hong Kong exchange Friday. If the transaction goes through, Anhui Conch will have to make a mandatory cash offer for all shares of West China it doesn’t own, the filing show...

JSW and JK Lakshmi reportedly among shortlist for Reliance cement assets

26 November 2015, Published under Cement News

JSW Cement Ltd and JK Lakshmi Cement Ltd are among seven bidders shortlisted for Reliance Infrastructure Ltd’s 5.5Mta cement assets, an official directly involved in the deal has disclosed to local press. On 5 November Reliance said it had shortlisted seven potential buyers who submitted preliminary expressions of interest to buy its cement business. JSW Cement, JK Lakshmi Cement and a few private equity firms are among the seven shortlisted bidders, the official cited above said...

HeidelbergCement 3Q15 revenue rises 3% YoY

05 November 2015, Published under Cement News

HeidelbergCement reported a three per cent rise in group revenue to EUR3.6bn in the first three months of the ‘despite partly adverse market conditions,’ the company said in a statement today. The German cement major said that excluding consolidation and exchange rate effects, revenue decreased by 1.9 per cent. While the effects from changes in the consolidation scope to the amount of EUR23m were negligible, the weakening of the euro against numerous currencies amounting to EUR162m in total...

West China Cement to acquire Shaanxi-based producer

02 November 2015, Published under Cement News

West China Cement said it agreed to acquire the entire equity interest of Tongchuan Yaowangshan Ecological Cement Co Ltd as well as shareholder's loan at CNY767m (US$121m). Yaowangshan Cement is located in the Yaowangshan region of Tongchuan District, Shaanxi Province. The Yaowangshan cement plant that it operates is primarily engaged in the production and sale of cement, with a 2.2Mta cement capacity. The move is part of efforts to facilitate consolidation in the sector in Shaanxi...

Lafarge Malaysia Bhd considers Sarawak investment

27 October 2015, Published under Cement News

Lafarge Malaysia Bhd is considering to re-operate in Sabah and Sarawak regions amid the huge potential, its newly-appointed president and chief executive officer, Thierry Legrand, has indicated. Mega projects in the region include the MYR16.1bm Pan Borneo Sarawak Highway. Mr Legrand told local press that the company would consider proposing the usage of cement and concrete-based material in the construction of the highway.| Meanwhile, concrete division vice president Rick Pucci said Lafar...

LafargeHolcim successfully completes squeeze-out of Lafarge SA

26 October 2015, Published under Cement News

LafargeHolcim today announced on Friday it has successfully implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris as of today. "The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration," the company said in a statement. With the successful squeeze-out LafargeHolcim Ltd now owns...

Polish competition watchdog approves proposed Gorazdze acquisitions on condition

20 October 2015, Published under Cement News

The Polish Competition and Consumer Protection Office (UOKiK) has approved the acquisition of Duda Kruszywa and Duda Beton by Gorazdze Cement on condition that Gorazdze sells the concrete unit in Olszowa to avoid limiting market competition. Both Duda Kruszywa, which is an aggregate producer, and Duda Beton, a producer of ready-mixed concrete, are currently owned by the Opole-based firm JD.