Blackstone enters race for Emami Cement
Blackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd. Bloomberg reports that TPG Capital is also consi...
Acquisition
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Al-Maslamia cement plant expected to be privatised
The Al-Maslamia cement plant in northern Aleppo, Syria, has been the subject of negotiations between Katerji International Group and Syria's General Organisation for Cement and ...
International Cement cancels US$144m deal to buy Schwenk Namibia
International Cement Group (ICG) has cancelled its proposed US$10.4.4m acquisition of Schwenk Namibia, according to a bourse filing on Monday. The deal, first announced in March...
PPC
South Africa’s PPC has failed to submit a bid for the Rwandan government’s 46 per cent stake in cement producer Cimerwa, forcing the government to seek an alternative investor. ...
National Cement's acquisition of ARM blocked
The acquisition of ARM Cement for US$50m by National Cement has hit a legal block. ARM's former CEO and leading shareholder, Pradeep Paunrana, has challenged the sale in the Hig...
Government extends deadline for Cimerwa stake
The Government of Rwanda has moved the deadline to sell its stake in Cimerwa from 5 to 19 July, with the extension providing a chance for more individual investors and companies...
LafargeHolcim acquires Romanian precast concrete company
LafargeHolcim has signed an agreement with ORESA to acquire Somaco, a Romanian precast concrete producer. Somaco has leading positions and operates five precast concrete plants ...
NCLT approves Dalmia's acquisition of Murli Industries with conditions
India’s Dalmia Cement (Bharat) has received approval from National Company Law Tribunal (NCLT) Mumbai regarding its offer to save Murli Industries from liquidation. However, the...
Indocement prepared to make plant acquisition in 2019
Indocement Tunggal Prakarsa has noted that it is ready to make a cement plant acquisition this year if the opportunity arises. "Indocement is in a position that is ready to make...
Pioneer Cement backtracks on Galadari Cement acquisition
Pioneer Cement Ltd (PCL) has withdrawn its interest to buy a local cement production facility that is under construction. Abid Wahab, company secretary of PCL in a written commu...