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...
Acquisition
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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Pioneer Cement Ltd (PCL) has withdrawn its interest to buy a local cement production facility that is under construction.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...
IMP Automation Group boosts FLSmidth mining portfolio
Following the approval of the competition authorities, IMP Automation Group has now officially become a part of FLSmidth. With the acquisition, first announced in February, FLSm...
Vicat announces stake in 2170 to develop low-carbon cements
Vicat has approached 2170, a subsidiary of Burgundy-based JPS Granulats, to accelerate the development of low-carbon cements. The French cement producers has announced it would ...
YTL executives appointed to Lafarge Malaysia board while CEO resigns
Yeoh Khoon Cheng has resigned as CEO of Lafarge Malaysia although he will stay on as the group’s executive director. In addition, Lafarge Malaysia Vice Chairman, Martin Kriegner...
Sagar Cements completed Jajpur acquisition
India-based Sagar Cement has completed the acquisition of its 100 per cent stake in Jajpur Cements Private Ltd (JCPL). The company will now start the process of establishing a 1...