Cement News tagged under: asset divestment
LafargeHolcim completes Indonesia asset sale01 February 2019, Published under Cement NewsLafargeHolcim has completed the divestment of its 80.6 per cent share in Holcim Indonesia to Semen Indonesia, which had an enterprise value of US$1.75bn. The proceeds from the asset sale will improve LafargeHolcim’s net debt to recurring EBITDA ratio by 0.2, with the target of two times or less expected to be achieved before end-2019, according to the company. |
Germany: Karsdorfer and Sötenich plants for sale02 March 2017, Published under Cement NewsCRH confirmed with its annual 2016 results, that it will sell a large portion of its German cement assets, as part of a wider EUR400m divestment programme. The company has agreed to sell the Karsdorfer integrated cement plant (2.3Mta) and Sötenich grinding plant (0.45Mta), to an unnamed purchaser, subject to approval by the German Competition Authority (Bundeskartellamt). CRH is expected to retain its third plant at Wössingen. It is possible that an existing German cement producer would... |
Cemex05 October 2016, Published under Cement NewsCemex is raising a further US$400m through the sale of cement assets in Ohio to Eagle Materials. The deal primarily concerns a 0.9Mta integrated cement works at Fairborn, but also covers a cement terminal at Columbus and a cement bagging operation. These assets are expected to generate a turnover in the region of US$79m and an EBITDA of some US$33m in 2016. The deal is expected to be completed at the turn of the year. |
Lafarge: September '1208 October 2012, Published under Cement NewsLafarge has agreed the sale of two integrated cement works, two quarries, eight batching plants, a fly ash business and certain other downstream assets to Eagle Materials for US$446m. The two cement plants involved are those at Sugar Creek, Kansas City, in Missouri, and at Tulsa in Oklahoma. They have a combined cement capacity 1.6Mta and leaves Lafarge with nine cement plants in the United States. Lafarge Malayan Cement increased its first half turnover by 5.4 per cent to MYR1,338.2m (€... |
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