Adani group acquires Orient Cement
Ambuja Cements , part of the Adani Group , has agreed to acquire Orient Cement Ltd at the equity value of INR81bn (US$963.4m). This binding agreement set Ambuja to acquire a 46....
Acquisitions
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Cemex sells operations in Guatemala
Cemex announced that it has sold its operations in Guatemala to Holcim Group , for a total consideration of approximately US$200m, with the transaction signed and closed 10 Sept...
PCC approves Consunjis’ acquisition of Cemex Philippines
The Philippine Competitions Commission (PCC) has approved the Consunji Group’s planned acquisition of a majority stake in Cemex Holdings Philippines Inc (CHP). In a statement is...
CIMERWA Plc acquires Prime Cement Ltd
Cement producer CIMERWA Plc has completed the purchase of Prime Cement Ltd. CIMERWA sent a notice to the Rwanda Stock Exchange (RSE) informing the regulator that it had finalise...
Breedon enters US with BMC Enterprises acquisition
Breedon Group has announced its acquisition of BMC Enterprises Inc (BMC) for US$300m, marking the group’s entry into the US. BMC is a supplier of ready-mixed concrete, aggregate...
Holcim completes three European acquistions
Holcim has completed three bolt-on acquisitions in Europe, expanding its Solutions & Products portfolio for green growth. In Spain it has acquired a majority stake in Artepref S...
Saint-Gobain reports stable sales, supported by acquisitions
Saint Gobain has reported stable like-for-like sales over the first nine months of 2023, compared to the same period a year earlier, despite a 3.1 per cent YoY contraction in th...
Oman Investment Authority starts sale of Oman Cement Co to Huaxin
The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownership...
CSN gets green light to acquire LafargeHolcim Brasil
Brazil’s antitrust regulator CADE has given its approval to steelmaker Companhia Siderurgica Nacional’s (CSN) acquisition of Holcim’s local cement business. The deal is believed...
Sagar Cements to submit acquisition plan for Andhra Cements
Sagar Cements will submit a resolution plan for its acquisition of Andhra Cements before 18 August 2022. According to The BusinessLine, the company hopes to receive the necessar...