Cement News tagged under: Mergers

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Lafarge and Holcim agree cement merger

07 April 2014, Published under Cement News

Holcim and Lafarge have confirmed today their intention to combine the two companies through a merger of equals, to create a new number one global cement major. Billed as a ‘merger of equals’, Lafarge shareholders will receive one Holcim share for every Lafarge share held. The agreement was unanimously approved by their representative board of directors and fully supported by the core shareholders of both companies, a joint statement released today said. The two companies said they hope to...

Ambuja gets nod for merger with Holcim India

27 March 2014, Published under Cement News

The High Courts of New Delhi and Gujarat have given Ambuja Cements the green light to merge with Holcim India – paving the way for the ACC-Ambuja restructuring process announced by the parent company in July last year. In a two stage deal, Ambuja will first acquire, through a purchase, a 24 per cent stake in  Holcim India for a cash consideration of INR35,000m (US$~600m), followed by a stock merger between Holcim India and Ambuja.

Grupo Argos merges port assets

05 July 2012, Published under Cement News

Grupo Argos has been authorised by its Board of Directors to merge its port assets with Muelles El Bosque Operador Portuario (MEBOP) and Terminal Marítima Muelles El Bosque.   The company resulting from the merger will be 50% owned by Grupo Argos and the remaining 50% by the current shareholders of Muelles El Bosque, the Echavarría Obregón family and the Spanish group Ership (property of the Alvargonzález family from Asturias), with whom Grupo Argos has held a relationship of several years a...

China: cracks begin to appear

04 May 2012, Published under Cement News

With a downturn looming, major cement companies in China are using various strategies to weather the tough times, such as consolidation and a push for greener technologies. Today, cement production capacity per capita in southwest China is one of the highest in the world. Overcapacity in cement production, because of China's sizzling economy and its heavy investments in infrastructure, has spread across the country at a time when the economy has shown strong signals of cooling down. Lei...