Cement News tagged under: divestment
Lafarge02 February 2015, Published under Cement NewsLafarge is negotiating with CRH to sell of its assets in Germany and certain assets in the United Kingdom, the Philippines, Brazil and Réunion. |
Holcim02 February 2015, Published under Cement NewsHolcim completed the purchase of Cemex’ cement and aggregates assets in western Germany along with 59 batching plants in Germany and a further six in The Netherlands, while disposing of its activities in the Czech Republic and two of its Spanish cement works. Holcim is negotiating to sell most of its assets in France and all of its assets in Slovakia, Hungary, Serbia and Canada as well as certain assets in Brazil and the Trident cement works in Montana and certain terminals in the Great L... |
CRH06 January 2015, Published under Cement NewsCRH has agreed the sale of its clay and concrete activities in Great Britain and its Glen Gery clay operations in the USA for GBP414m (EUR522m) to Bain Capital Europe, while retaining property assets valued at around EUR38m. The most important British business is Ibstock, the others being Forticrete and Supreme Concrete. It can be assumed that CRH is aiming to invest the proceeds in some of the operations coming up for sale as a result of the Holcim purchase of Lafarge. |
HeidelbergCement06 January 2015, Published under Cement NewsHeidelbergCement’s subsidiary Ghacem in Ghana is seeing its cement production fall significantly because of interruptions to the electricity supply, as the country’s monopoly supplier introduces 48h power cuts for industrial users every six days. HeidelbergCement has agreed the sale of most of its building products business in North America and in Great Britain to the US institutional investor Lone Star Funds for US$1400m, subject to regulatory approval. The deal covers 107 manufacturing ... |
HeidelbergCement to sell its North American and UK Building Products Business24 December 2014, Published under Cement NewsHeidelbergCement announced that it has entered into a definitive agreement with an American affiliate of Lone Star Funds to sell its North American (excluding Western Canada) and United Kingdom building products business, Hanson Building Products, for an total price of US$1.4bn, of which up to US$100m will be payable in 2016, depending on the performance of the business in 2015. The closing is subject to the satisfaction of customary closing conditions. HeidelbergCement expects the transacti... |
HeidelbergCement sells Stockholm property23 December 2014, Published under Cement NewsAs part of its asset structure optimisation, HeidelbergCement is selling its property at Lövholmen, Stockholm, Sweden, to enable residential development. The company currently operates a cement terminal at the location, which it plans to move to an industrial zone at Värtan, Stockholm. The agreed minimum price of the property is around EUR115m and the deal is subject to several conditions, including the adoption of development plans for both areas. It is expected to be finalised in late 2... |
Graymont to acquire lime assets from Holcim New Zealand16 December 2014, Published under Cement NewsGraymont, the Canadian lime business, has agreed to buy McDonalds Lime from Holcim New Zealand and New Zealand Steel for an undisclosed sum. An agreement has also been reached for Graymont to acquire Taylor's Lime assets from Holcim. McDonalds Lime is 72 per cent owned by Holcim NZ, with the remainder owned by NZ Steel, and has the country’s largest lime quarry at Oparure, north of Te Kuiti. Holcim has been trying to sell its lime business, which it no longer considers a core business... |
Lafarge03 October 2014, Published under Cement NewsLafarge has agreed the sale of its wholly-owned Russian subsidiary Uralcement to Buzzi Unicem for EUR104m and the proceeds will be used to reduce Lafarge's net debt. In May, Lafarge commissioned its Ferzikovo works in Russia, which is better placed for serving the more vibrant Moscow market. Lafarge is selling its 47 per cent stake in its Mexican associate Cementos Fortaleza to the majority shareholder Elementia less than two years after the jointly-owned company was formed. The industria... |
Nigeria: Benue State to sell remaining Dangote Cement plc stake30 September 2014, Published under Cement NewsNigeria’s Benue Investment and Property Co Ltd is expected to sell the remaining Dangote Cement plc shares held in trust for the state’s inhabitants on the Nigerian Stock Exchange for a target value of NGN20bn (US$122m), according to sources quoted in This Day Live. The previous sale of the shares erased about 30m shares valued at over NGN7bn of the original 90m shares, which Benue State held in Dangote Cement following the 2010 merger of the defunct Benue Cement Co Plc with other Dangote... |
Fiji: Holcim JV sells stake in Pacific Cement Ltd19 September 2014, Published under Cement NewsSouth Pacific Cement, a joint venture between Holcim New Zealand and Fletcher Building Ltd, has sold its 47 per cent stake in Pacific Cement Ltd (PCL) to the Vinod Patel Group. PCL is a joint venture with Fijian Holdings Ltd (FHL), which holds a 51 per cent stake. The balance of shares is owned publicly. The company was the first cement manufacturer in the country with a production capacity of 0.2Mta. FHL group chairman, Iowane Naiveli said the Vinod Patel Group had become a strategic... |