Cement News tagged under: Mergers and Acquisitions
Tebessa, Ain Kebira and Chlef to go public, Algeria11 November 2013, Published under Cement NewsThe Algerian cement plants of Tébessa, Ain Kebira and Chlef have been selected to go public. In a statement to APS, the president of the Stock Exchange Supervisory and Organising Committee, Abdelhakim Berah, said these GICA factories were among the strongest in the country. For instance, Chlef has the largest production capacity in Algeria. The step indicates a further privatisation of the Algerian cement industry. In 2008, Hadjr-Soud and Sour El Ghozlane started their partnership with ... |
Viettel to buy 70% stake in Cam Pha Cement25 October 2013, Published under Cement NewsThe Viettel Group has signed an agreement with Vietnam Construction and Import-Export JSC (Vinaconex), to buy a 70 per cent stake in Cam Pha Cement JSC. Military run-Viettel also purchased Cam Pha Cement’s debts guaranteed by VCG, the Dau Tu Chung Khoan newspaper said, adding that the deal had a total value of US$127m. Cam Pha will sell its cement to military-run construction companies, according to newswire Cafef.vn. With the share sale, Vinaconex will cut its holding in the loss-makin... |
Holcim, Cemex Europe deal to be examined21 October 2013, Published under Cement NewsEU antitrust regulators will assess a bid by Cemex to acquire Holcim's cement operations in Spain following a request from Spanish authorities, the European Commission said. Cemex and Holcim announced plans back in August this year to exchange some assets and combine others in Germany, Czech Republic and Spain to boost profit amid tough conditions in the European construction sector. The Spanish part of the deal involved Cemex and Holcim combining all their cement, ready-mix and aggregate... |
AVIC raises stake in KHD, buy-out offer14 October 2013, Published under Cement NewsChina-based AVIC International Holdings Ltd said it will boost its holding in KHD Humboldt Wedag International AG and make a buy-out offer. The Shenzhen-based company will buy 19 per cent of KHD from 12 sellers for EUR61m (US$83m), increasing its stake to 39.03 per cent, according to a Hong Kong stock exchange filing yesterday. MFC Industrial Ltd. is one of the companies disposing of KHD shares. In 2010, KHD launched a strategic partnership with CATIC Beijing Co. Ltd, a subsidiary o... |
Nguyen Thi Thu Huyen acquires stake in Vinaconex Xuan Mai Concrete & Construction11 October 2013, Published under Cement NewsRetail investor Nguyen Thi Thu Huyen has acquired 1.93 million shares, or a 9.67 per cent stake, of Vinaconex Xuan Mai Concrete & Construction JSC. Last month, Khai Hung Company also bought a 51 per cent stake of the cement producer from Vietnam Construction and Import-Export Joint Stock Corporation (VCG), or Vinaconex. |
UK cement industry faces shake-up08 October 2013, Published under Cement NewsThe Competition Commission (CC) in the UK has said it is looking to invigorate competition in the British cement market by opening the way for a new independent producer. As well as provisionally requiring Lafarge Tarmac to sell a cement plant (and accompanying ready mix concrete plants if necessary) to facilitate entry of this new producer, the CC is also proposing to limit the flow of information and data between cement producers, it said in a statement released today. Additionally, the... |
JSW completes acquisition of HeidelbergCement India grinding unit08 October 2013, Published under Cement NewsJSW Steel has completed the acquisition of HeidelbergCement India’s 0.6Mta grinding plant in Raigad, Maharashtra, for an undisclosed sum. The two companies signed the Business Transfer Agreements for the acquisition on 5 October, both said in respective filings with the Bombay Stock Exchange. ??"The transaction will be consummated only after obtaining all relevant approvals required under applicable laws," it further said but did not disclose the value of the deal. The Raigad works was... |
HeidelbergCement mulls sale, float of building products business - report07 October 2013, Published under Cement NewsHeidelbergCement is considering selling its building products operations but could simultaneously float the unit shares on the stock market, its chief has told Reuters. Speaking to the news agency on Friday, Berd Scheifele said the German major would first look into potential divestment opportunities for part of the business next year. He further added that amid the top economic environment, top priorities are to keep cash aside and focus on organic growth. The company may, however, cons... |
Jaiprakash shortlists new round of divestments26 September 2013, Published under Cement NewsHot on the heels of selling its Gujarat cement facilities to UltraTech earlier this month, Jaiprakash Associates has initiated talks to sell two units in the Indian state of Himachal Pradesh to further trim its debt. According to local press reports who have cited multiple sources familiar with the deal, Jaiprakash is in talks with potential buyers to sell a 2Mta integrated works and a 2Mta grinding unit, both in the Solan district. Preliminary discussions have begun with a few global a... |
HeidelbergCement looks to increase Indian capacity19 September 2013, Published under Cement NewsHeidelbergCement India is looking to raise its capacity in India over the next few years to 15Mta including acquisitions. Speaking to the Financial Express, CEO of the India-based cement producer said: “We have plans to raise capacity to 15Mta in the next three-four years from the current level of 5.4Mta. We will be pursuing both organic and inorganic acquisitions. According to local press speculation, the company is in talks with potential sellers in central India where it already has... |