CNBM begins restructuring cement business
China National Building Materials (CNBM) has begun restructuring its cement business and has subsequently sold China United Cement, Sinoma Cement, as well as a 99.9 per cent sta...
Asset Sale
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Eurocement begins auction for 84.2% stake in plant
Russia's Eurocement has begun an open auction to sell an 84.19 per cent stake in its Akhangarancement plant in Tashkent, Uzbekistan. The company is expected to sell 4,141,108 or...
Asia Cement to purchase additional stake in Chiahui Power
Japan-based Electric Power Development Co, also known as J-Power, is planning to sell its entire stake in Chiahui Power to Taiwan’s Asia Cement for TWD5.37bn (US$183m). The shar...
ARM Cement's Kenyan assets sold to National Cement
The Kenyan assets of ARM Cement have been sold to National Cement Co for US$50m, according to a statement by its administrators. The transaction is subject to regulatory approva...
Arkan sells Emirates cement plant
UAE-based Arkan Building Materials has announced the sale of its Emirates cement plant for AED50m (US$13.6m). The company also noted the permanent shutdown of Emirates Cement Co...
HeidelbergCement reportedly considers selling Ukrainian assets
HeidelbergCement is reportedly considering the sale of its assets in Ukraine, according to Interfax-Ukraine. "HeidelbergCement is selling its assets in Ukraine. The deal is to b...
HeidelbergCement updates on portfolio optimisation
HeidelbergCement has reported that it closed the divestment of its 50 per cent share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a fo...
BBMG to sell 7 cement companies to Jidong Cement
BBMG Corp has announced that it will sell the entire equity interests in seven cement companies to China’s Jidong Cement for a total consideration of CNY1.54bn (US$227.06m). BBM...
Cementos Bío Bío sells Peruvian subsidiary
Chile’s Cementos Bío Bío has sold its Peruvian subsidiary, Cementos Portland, in a transaction valued close to US$14m, according to La Tercera. The departure means that it will ...
Helwan Cement to sell white cement plant
Egypt’s Suez Cement has announced that its subsidiary, Helwan Cement Co, has entered into an agreement with Emaar Industries to sell its 1Mta white cement plant in Minya Governo...