Ambuja Cements acquires Penna Cement
Adani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production ca...
Acquisition
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Adani Group sets US$3bn aside for multiple cement acquisitions
The Adani Group is planning several potential acquisitions within the cement sector. These include Hyderabad-based Penna Cement , Jaiprakash Associates’ cement business, Gujarat...
Adbri shareholders agree to CRH takeover
Shareholders in Australia-based Adbri have given the green light to the takeover bid by Ireland’s CRH . According to The Australian, almost 98 per cent of the votes cast at a me...
Dalmia Bharat Acquires 26% stake in Solarcraft Power India
Dalmia Bharat Ltd agreed on 8 June to purchase a 26 per cent equity share in Solarcraft Power India 23 (a Karnataka-based solar power firm) for INR103.18m (US$1.24m). The cement...
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement
UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement...
Beton Provincial acquires CRH Canada assets
Béton Provincial has concluded its deal with CRH Canada Group Inc , acquiring assets in Quebec, Newfoundland and Labrador as well as the state of New York. As a result, Béton Pr...
PHINMA Corp to acquire Petra Cement for PHP500m
Philippines-based PHINMA Corp announced it will acquire Petra Cement Inc for PHP500m (US$8.6m). The conglomerate signed a purchase agreement through its subsidiary Philcement Co...
Buzzi to increase stake in Cement Nacional to 100%
Italy-based Buzzi SpA said it will increase its stake in Brazilian cement producer Cimento Nacional (NCPAR) to 100 per cent from the current 50 per cent as its joint venture par...
ENVEA acquires Asia Pacific Air Quality Group
Environmental management solutions company ENVEA has acquired Asia Pacific Air Quality Group (APAQ Group). ENVEA views the acquisition as core to developing its presence and rea...
InterCement signs exclusivity agreement with CSN
Following its market announcement of 23 February 2024, InterCement Participações SA announced that in the context of the competitive process, organised by Banco BTG Pactual, it ...