UltraTech and Dalmia Bharat highest bidders in Binani Cement deal
UltraTech Cement and Dalmia Bharat-Bain Piramal Resurgence Fund consortium are leading the bids for Binani Cement, according to Indiainfoline. Both partieshave submitted bids of...
Acquisition
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Dewan Cement strikes deal with Mega Conglomerate
Mega Conglomerate Pvt Ltd has agreed to acquire a 87.5 per cent stake in Pakistan’s Dewan Cement, according to a bourse filing by BMA Capital Management Ltd.
Asia Cement acquires Halla Cement
Hong Kong-based Baring Private Equity Asia (BPEA) has sold Halla Cement, a South Korean cement producer, to Asia Cement for US$723m.
Invesa raises Bío Bío stake
Following the launch of a public offer to buy 54,208,259 shares in Cementos Bío Bío (CBB) last month, Inversiones y Desarrollos (Invesa) has confirmed it has increased its stake...
Shree Cement to acquire 93% stake in Union Cement
Shree Cement Ltd announced on Thursday that it had agreed to acquire a 92.83 per cent stake in Union Cement Co PSC, for an enterprise value of US$305.24m, according to the Hindu...
McInnis Cement could be up for sale
A Canadian pension fund has hired advisers to explore the possible sale or partial sale of McInnis Cement, reports Bloomberg.
HeidelbergCement on path to consolidate Italian market
HeidelbergCement's acquisition of Cementir Italy via its Italcementi subsidiary will make HeidelbergCement the
Italcementi completes Cementir Italia acquisition
HeidelbergCement subsidiary Italcementi has completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the app...
Dalmia Bharat to acquire Murli Industries
Dalmia Bharat is set to acquire the bankrupt Murli Industries, according to The Economic Times. The deal represents an investment of close to INR4bn (US$62.4m) by Dalmia. The co...
Fairfax drops plans to buy 23% of PPC
Canada's Fairfax Africa Investments Proprietary Ltd has pulled out of its attempt to buy 23 per cent of South African cement producer PPC for ZAR2bn (US$146.34m), PPC said on Mo...