Cement News tagged under: Mergers and Acquisitions

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LafargeHolcim completes Indonesia asset sale

01 February 2019, Published under Cement News

LafargeHolcim has completed the divestment of its 80.6 per cent share in Holcim Indonesia to Semen Indonesia, which had an enterprise value of US$1.75bn. The proceeds from the asset sale will improve LafargeHolcim’s net debt to recurring EBITDA ratio by 0.2, with the target of two times or less expected to be achieved before end-2019, according to the company.

PT Semen Indonesia

31 January 2019, Published under Cement News

Semen Indonesia has instructed BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered as the lead arrangers for a US$1.28bn, two-year bridge loan to support its acquisition of Holcim Indonesia. Semen Indonesia will take over 6.18m shares in Holcim Indonesia for a total cost of around US$940m. The deal includes four cement plants, 33 ready-mix plants and two aggregate quarries, giving Semen Indonesia an additional 14.8Mta of cement capacity, 10.45Mta of cl...

Dangote Cement

31 January 2019, Published under Cement News

Dangote has placed several orders with the Aumund Group for its projects in Nigeria and Senegal. For the Obajana Line 5 and Okpella plants in Nigeria, both 6000tpd, Aumund is supplying a total of six belt bucket elevators and four pan conveyors. In addition, Schade Lagertechnik, also part of the Aumund Group, will supply two stackers, two portal reclaimers and additional stockyard equipment. Aumund Beijing has also received orders from Dangote for the cement producer’s Apapa project and its ...

EAPCC denies reports of potential acquisition

22 January 2019, Published under Cement News

Kenya’s East African Portland Cement Co (EAPCC) has denied recent reports that it was in early-stage talks with LafargeHolcim about a potential acquisition. "It has never featured in any board discussions," said the company’s head of financial management, Stephen Nthei, in an interview with Bloomberg. "I don’t think it’s a considerable move given the current shareholding structure." Lafarge currently holds a 41.7 per cent stake in EAPCC. However, the majority shareholders are the Kenyan g...

Vicat closes acquisition of Ciplan

22 January 2019, Published under Cement News

Vicat Group has announced the closure of its Ciplan acquisition and now holds a 64.7 per cent stake in the company. The deal was structured through a reserved capital increase of EUR295m, with the proceeds used to settle a vast majority of Ciplan’s existing debt, according to a press release. "With this acquisition, Vicat pursues its targeted external growth and geographical diversification strategy, through the incursion into a new emerging market benefitting from strong growth perspe...

Will 2019 be noted as a year for acquisitions?

21 January 2019, Published under Cement News

In the last week, HeidelbergCement has completed its divestment of its 50 per cent share in Ciment Quebec and its minority participation in Syria (Al Badia Cement via the Italcementi acquisition). The company also auctioned its Helwan plant in Egypt and divested its Ukrainian businesses, as it targeted divestments of EUR1.5bn by 2020. This is on the back of selling its stake in Lehigh White Cement in 2018. Having acquired Italcementi, HeidelbergCement has had to modify its swollen portfo...

Emami Group to demerge solar assets from cement company

20 December 2018, Published under Cement News

India’s Emami Group has received National Company Law Tribunal (NCLT) approval to demerge its solar power assets from its cement company. The assets will be consolidated under Emami Power, which will allow Emami Cement to focus solely on its core business. "Proposed demerger is being undertaken with a view to consolidate the power production business in Emami Power while allowing our company to focus on its cement manufacturing operations," stated Emami Cement in July, before approval was r...

Sagar Cements announces new investments in plant projects

06 December 2018, Published under Cement News

Sagar Cements has approved significant investment in both Satguru Cements and Jajpur Cements, which will enable the company to expand its presence in central and eastern India. "The board has approved a proposal to invest a sum of INR1.5bn (US$21.1m) in Satguru Cement Pvt Ltd (SCPL), Indore, to set-up a greenfield cement manufacturing plant of 1Mta capacity along with a waste heat recovery power plant, at a total cost of INR4.26bn. SCL will be holding 65 per cent in the equity share capit...

Unacem shareholders to discuss merger with Inversiones Andino

04 December 2018, Published under Cement News

Peru-based Unacem reported that its general meeting of shareholders will evaluate the proposal between the company and the Investment and Administration Trade Union, Inversiones Andino and Inmobilaria Pronto. The cement company explained that the main objective of the merger is to consolidate in Unacem the knowledge, strategies, experiences, specialisations, rights and other assets developed and managed by the three societies that would be absorbed. It also seeks to extinguish the contract...

Kalambaina Cement to merge with CCNN

30 November 2018, Published under Cement News

BUA Group’s Kalambaina Cement Co has announced it received shareholder approval for a merger with the Cement Company of Northern Nigeria (CCNN). Abdul Samad Rabiu, chairman of the company, has stated that the deal would involve a high technical and complex infusion of the two companies. "This deal signposts shareholder confidence in the value proposition of the CCNN-Kalambaina merger and we are certain that the new entity can compete effectively in the cement industry in Nigeria whilst main...