Cement News tagged under: Mergers and Acquisitions

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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 ...

HeidelbergCement reportedly in talks for Jaiprakash unit

22 June 2015, Published under Cement News

HeidelbergCement is reportedly in talks to buy Jaiprakash’s Sikandarabad unit in Uttar Pradesh, according to local media. “Heidelberg is in advanced stages of negotiations with JP Associates to buy the 1Mta Sikandarabad cement unit for around INR500 crore,” an industry source aware of the development told the Financial Express (India). Jaiprakash Associates has already ivested its cement plants in Gujarat, Madhya Pradesh, Haryana (Panipat) and Jharkhand (Bokaro) to reduce its debt pile.

West China Cement issues Conch International HK$1.53bn worth of shares

19 June 2015, Published under Cement News

West China Cement said Friday that it will issue HKD1.53bn (US$197.4m) worth of shares to to Conch International Holding, a wholly owned subsidiary of Anhui Conch Cement Company Ltd. The Hong Kong-listed company said it would use the proceeds for future acquisitions and investments. At HK$1.69 a piece, the issued shares are at a 0.59 per cent discount to the stock's last closing price. The total amount of shares represent 20 per cent of the company's issued share capital and 16.67 per cen...

Lafarge to buy out Baring stake in Indian unit

16 June 2015, Published under Cement News

As part of the implementation in India of its planned merger with Holcim - and subject to its completion - Lafarge has signed an agreement to acquire the 14 per cent stake held by Baring in Lafarge India, for a consideration of EUR270m.   Following this transaction, subject to the approval of the regulatory authorities, Lafarge will hold 100 per cent of the shares of Lafarge India.

CRH reportedly to take part in preliminary bidding for South Korean producer

11 June 2015, Published under Cement News

CRH announced it will take part in the preliminary bidding for Tongyang Cement scheduled on the 12 June after selecting Goldman Sachs as an underwriter, according to local press reports citing investment bank sources. Tongyang Cement was put on the market in early April after its parent group was liquidated. The 74.1-per cent stake held by Tongyang Corp. and Tongyang International is estimated at KWR400-600bn (US$360-540m) Tongyang Cement is ranked second on the domestic the cement market...

HeidelbergCement announces new mid-term strategic priorities and financial targets

10 June 2015, Published under Cement News

HeidelbergCement has announced new mid-term strategic priorities and financial targets for the five-year period until 2019 in advance of hosting its Capital Markets Day 2015 in London later today. On the back of the positive outlook for the current fiscal year and a strong asset base, the Group aims to increase Group revenue from EUR12.6bn in 2014 to more than EUR17bn by 2019. Over the same period, Operating EBITDA is expected to grow from EUR2.3bn to more than EUR4bn. Following the success...

Camargo Correa reportedly looking to sell stake in InterCement

10 June 2015, Published under Cement News

Camargo Correa is looking to sell a stake in cement maker InterCement for up to BRL3.6bn (US$1.2bn) to make new overseas investments, according to a report in Brazilian daily newspaper Folha de S Paulo. Camargo Correa is looking to sell between 10-18 per cent of InterCement for between BRL2bn-3.6bh, the newspaper reported on Tuesda. Folha reported that Camargo Correa's hefty BRL8.2bn of debt had led the company to seek a minority partner in order to take advantage of opportunities to grow ...

Holcim launches exchange offer for Lafarge shares

01 June 2015, Published under Cement News

Holcim said Monday it has launched the public exchange offer for all the shares of Lafarge, marking the final stage of the merger of the two cement majors. Shareholders in Lafarge are being asked to offer their shares at an exchange ratio of nine Holcim shares for 10 Lafarge shares. Their acceptance of the exchange is the final stage to create a new company. Holcim shareholders have already approved the tie up. The combined LafargeHolcim group would employ approximately 115,000 people i...

Holcim and Lafarge seal binding deal with CRH

27 May 2015, Published under Cement News

Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn. As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see below). The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations. The acquisition is expected to complete in the second half of 2015. ...