Chinese company to acquire Tunisian cement plant
China’s ambassador to Tunisia, Wan Li, said that a Chinese company specialising in the cement industry plans to acquire a Tunisian cement plant next week, valued at over US$100m...
Acquisition
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CCI approves Ambuja 73 per cent shareholding acquisition of Orient Cement
The Competition Commission of India (CCI) has approved the proposed acquisition of up to 72.8 per cent shareholding of Orient Cement Ltd by Ambuja Cements Ltd ( Adani Cement Gro...
JK Cement to buy 60% stake in Saifco Cements
India-based JK Cement Ltd announced it will acquire a 60 per cent stake in Saifco Cements , located in Khunmoh, Srinigar. The INR1.74bn (US$20.1m) deal is expected to enable JK ...
Nuvoco Vistas is successful in submitting resolution plan for Vadraj Cement
Nuvoco Vistas Corp Ltd , India’s fifth-largest cement group and a leading player in eastern India, has emerged as the successful resolution applicant of Vadraj Cement Ltd (VCL),...
City Cement to acquire Umm Al Qura Cement Co by increasing its share ownership
Saudi-based City Cement Co (CCC) has reached an agreement with Umm Al Qura Cement Co to acquire its entire stake by increasing capital through issue of new shares in the company...
Jilin Penglin industry to acquire Dalian Onoda Cement
Dalian Onoda Cement Co., Ltd, the consolidated subsidiary of Taiheiyo Cement Corp (Japan) located in Dalian City, Liaoning Province, China, has announced an agreement to be acqu...
UltraTech Cement to acquire 8.7% stake in Star Cement
UltraTech Cement on Friday announced the purchase of 8.69 per cent in Meghalaya-based Star Cement for INR8.51bn (US$99.675mn). The latest acquisition is yet another indication o...
Huaxin Cement to acquire four Brazilian aggregate quarries
Huaxin Cement has announced a transaction of US$186.6m to acquire four aggregate quarries in Brazil. The acquisition is an important step in the implementation of the company’s ...
Cement Australia to acquire BGC Cement
Cement Australia , a joint venture between Heidelberg Materials and Holcim (Australia) Pty Ltd , will expand its footprint through the acquisition of BCG Cement, part of the Buc...
Huaxin Cement is poised to be a major African player
This week Huaxin Cement Ltd again showed the strengthening influence of the Chinese in Africa's cement markets as it acquired the majority stake in Lafarge Africa PLC, Nigeria, ...