Cement News tagged under: Mergers and Acquisitions

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Lafarge China launches tender offer for Shuangma Cement

17 July 2015, Published under Cement News

Sichuan Shuangma Cement said its controlling shareholder Lafarge China plans to launch a tender offer for its shares from other shareholders except Lafarge Shui On (Sichuan) Investment for CNY5.64 each, or CNY1.07bn in total. The tender offer is triggered by the merger between Lafarge and Holcim and is pending relevant approval.

LafargeHolcim officially launched around the world

15 July 2015, Published under Cement News

LafargeHolcim today officially launches the new Group around the world and announces key elements of its ambitions for the future. Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new Group will now work towards creating the highest performing company in the building materials industry, the company said in a statement. LafargeHolcim CEO Eric Olsen says: “Now as LafargeHolcim, we will step...

Holcim and Lafarge complete global merger

13 July 2015, Published under Cement News

Holcim Ltd and Lafarge SA on Friday completed their global merger and have launched LafargeHolcim, a world leader in the building materials industry. All conditions for the completion of the merger have been fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders. Holcim’s shareholders had previously approved the merger-related resolutions at an Extraordinary General Meeting on 8 May 2015. With the completion...

Holcim Philippines to make offer for local assets of Lafarge

13 July 2015, Published under Cement News

Holcim Philippines will make an offer to acquire the assets of Lafarge Group in the Philippines as part of the merger process between the two cement majors. In a disclosure to the Philippine Stock Exchange (PSE), the local unit of Swiss firm Holcim Ltd. said it has been given the green light by its board of directors to make an offer for the France-based assets of the Lafarge Group. Specifically, Holcim has been authoriszed to “make an offer for, and should the offer be accepted, to pr...

LH merger: final results of public exchange offer

10 July 2015, Published under Cement News

France's Financial Market Authority published the final results of the public exchange offer initiated by Holcim Ltd for the shares of Lafarge SA. Following the settlement-delivery of the offer expected to occur on 10 July 2015, Holcim Ltd will hold 252,230,673 Lafarge SA shares representing 87.46 per cent of the share capital and at least 83.94 per cent of the voting rights of Lafarge SA based on the total number of shares outstanding as of 8 July 2015. In accordance with the AMF general ...

DBN set for bigger stake in Ohorongo, Namibia

10 July 2015, Published under Cement News

The Development Bank of Namibia (DNB) is set to increase its stake in Ohorongo Cement this month, according to a report by AllAfrica news citing officials working on the new shareholding structure. Foreign minority shareholders Development Bank of Southern Africa (which owns a 7.3 per cent stake and IDC of South Africa (which owns 20 per cent) are in the process of selling their shares to Namibian institutional investors such as pension funds. Schwenk Zement KG of Germany is the majority sh...

Holcim's public exchange offer for shares of Lafarge completed successfully

08 July 2015, Published under Cement News

The public exchange offer made by Holcim Ltd for Lafarge SA has been successful, bringing the merger of the world's two largest cement majors close to completion. The French market watchdog, Autorité des marchés financiers (AMF), said as of 7 July 2015, a total of 252,230,673 shares representing 87.46 per cent of Lafarge's share capital, and at least 81.47 per cent of voting rights of Lafarge SA, has been offered by shareholders fulfilling the conditions for the merger to go ahead. The succ...

Sika acquires full control of Buzzi joint venture

02 July 2015, Published under Cement News

Sika AG acquired the remaining shares of the Italian-based Addiment Italia from its joint venture partner Buzzi Unicem. The company is active in the production and sale of concrete admixtures and cement grinding aids. The transaction will strengthen Sika's production set up in Italy and increase its market presence. Addiment Italia generated sales of EUR14m in 2014. Addiment Italia has a history of over 25 years of experience in the construction market offering a broad range of concrete ad...

Brazil: Semapa acquires full control of Supremo Cimentos

01 July 2015, Published under Cement News

Semapa has concluded the acquisition of full control of Supremo Cimentos, a Brazilian company in which it already held a 50 per cent stake. The purchase of the 50 per cent of Supremo Cimentos that Semapa did not yet own was announced in April, but was dependent on the fulfilment of several conditions, which have now been verified. Therefore, Secil through its affiliated company Ciminpart – Investimentos e Participações, SGPS – and NSOSPE Empreendimentos e Participaçõe (a Brazilian com...

Qalaa Holdings to focus on core subsidiaries, including cement

26 June 2015, Published under Cement News

Qalaa Holdings has signed a set of agreements with Financial Holdings International (FHI), one of Qalaa’s major co-investors, through which Qalaa will acquire from FHI additional stakes in subsidiaries that are core to Qalaa’s future as a holding company. These include stakes in companies involved in the energy, cement and transportation sectors, among others. Simultaneously, Qalaa will  sell to FHI its holdings in the following non-core business units: MENA Homes, Grandview and Dina ...