Adelaide Brighton eyes additional assets
Australia's surging property market and healthy infrastructure projections is encouraging Adelaide Brighton to look out for further acquisitions. "From a demand point of view on...
Acquisitions
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South Korea: Hyundai Cement auction set to raise KRW600bn
The auction of Hyundai Cement, preliminary bidding of which is scheduled for 16 December, is set to attract bids from multiple prospective buyers, with the assets expected to fe...
HeidelbergCement to sell US assets to Cementos Argos in US$660m deal
HeidelbergCement has agreed to sell its plant in Martinsburg (WV), USA, and eight terminals to Cementos Argos for US$660m. The deal is subject to regulatory approval, but the Fe...
Cementir to acquire HeidelbergCement’s Belgian operations
Cementir has announced that it is to acquire HeidelbergCement’s Belgian assets for an enterprise value of EUR312m (US$342m). The deal primarily consists of Compagnie des Ciments...
India: Nirma to acquire Lafarge India for US$1.4bn
LafargeHolcim has announced that it has reached agreement with Nirma Group for the sale of Lafarge India. The deal - valued at US$1.4bn - will see Nirma acquire assets that incl...
India: Birla eyes September completion of Reliance acquisition
Birla Corporation has said that it expects to complete its acquisition of Reliance Cement by September, Gulf Today reports. The US$711m deal was initially struck in February 201...
CRH
CRH raised some EUR960m from disposals during 2015, of which the disposal of the British and American clay operations accounted for EUR430m. The next biggest divestment was the ...
Limak plans EUR1bn Africa spending spree
Turkey's Limak Cement is currently in talks to acquire African cement operations to the value of EUR1bn, according to senior executive quoted by Reuters. While there was no cert...
Blazing the acquisition trail Premium
North American construction materials company Summit Materials has been engaged in an impressive phase of expansion, enhancing its portfolio both organically and through acquisi...
HeidelbergCement
HeidelbergCement has commented on rumours that it is in advanced talks to acquire Jaiprakash’s Sikandarabad works in Uttar Pradesh, saying that "There are no such proposals at t...