Cement News tagged under: Mergers and Acquisitions

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HeidelbergCement to acquire Italcementi

29 July 2015, Published under Cement News

Eleven days after the completion of the acquisition of Lafarge by Holcim to form LafargeHolcim, HeidelbergCement has agreed to acquire Italcementi, with a combined cash and share issue for the 45 per cent controlling stake held by Italmobiliare. A cash offer of EUR10.60 per share will be made by HeidelbergCement for the remaining shares in Italcementi. This represents a 70.6 per cent premium on the weighted average share price of Italcementi over the past three months. Dr Bernd Scheifele,...

China Shanshui shareholders mull takeover bid

22 July 2015, Published under Cement News

China Shanshui Cement Group Ltd said two of its largest shareholders are considering a takeover bid, Bloomberg reports. Asia Cement Corp of Taiwan and China National Building Material Co, which together own about 38 per cent of Shanshui Cement, are considering a general cash offer to acquire the shares they don’t already control, the companies said in a statement to Hong Kong’s exchange Tuesday. The proposal by Asia Cement and China National Building Material escalates the fight for contr...

Summit Materials completes acquisition of Lafarge North America assets

21 July 2015, Published under Cement News

US-based construction materials company Summit Materials, Inc has completed its previously announced acquisition of a 1.2Mst cement plant in Davenport, Iowa along with seven cement distribution terminals from Lafarge North America Inc. unit for a purchase price of US$450m in cash, plus an exchange of Summit’s Bettendorf, Iowa cement distribution terminal, the company said on Monday. The newly-acquired cement operations are a complementary fit with Summit’s existing cement plant in Hannibal,...

LafargeHolcim buys out 50% interest in Lafarge Tarmac as part of divestment process

17 July 2015, Published under Cement News

As part of the preliminary steps to implement the disposals required by the European Commission for its approval of the merger to create LafargeHolcim and as previously announced, the group today completed the acquisition of the 50 per cent share in Lafarge Tarmac held by Anglo American for GBP992m (including changes in working capital). This step is required to allow for the full divestment of Lafarge Tarmac, with the exception of the Cauldon and Cookstown plants and certain non-operationa...

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...