Cemex intends to reduce its US exposure to reduce debt
In a further effort to reduce its high gearing, which stood at 180.1 per cent at the end of March, Cemex has agreed to sell assets worth US$400m to a US subsidiary of the Mexica...
Divestment
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LafargeHolcim’s US$3bn spin-off in the making?
LafargeHolcim is reported to have chosen Citi and JP Morgan to explore the sale of its US$3bn Australasian operations, according to the Business Spectator.
LafargeHolcim
LafargeHolcim is considering the possible sale of the 97.1 per cent-owned South Korean subsidiary Lafarge Halla Cement to a consortium consisting of Glenwood Private Equity, Eug...
Addoha reportedly to sell 30% African stake to HeidelbergCement
It has been reported that the Moroccan Addoha Group will sell 30 per cent of its African assets to HeidelbergCement, according to local news sources. The value of the transactio...
Italcementi
The board of Italcementi has decided to sell around EUR241m worth of assets to Italmobiliare, with completion expected some time after the takeover of Italcementi by HeidelbergC...
Cimpor
Cimpor recently made disposals to strengthen its capital base. It has raised EUR32m from the sale of 16 per cent of the equity in Yguazu Cementos in Paraguay, reducing its inter...
Heidelberg's European bet Premium
Following the completion of the LafargeHolcim merger in mid-July, less than a fortnight later, HeidelbergCement announced its intention to buy Italcementi. The acquisition would...
Italcementi
Italcementi has sold its 5.24 per cent stake in West China Cement for HKD341m (EUR38.5m). The stake had been held through CimFra (Chine) Ltd.
Cemex
Cemex has agreed two separate disposals of operations in Austria and Hungary to the Rohrdorfer Group. It is anticipated that these deals will be concluded during 4Q15.
Anhui Conch Cement Co
Anhui Conch has reportedly sold its shares in two Chinese cement producers – Xinjiang Qingsong Building Materials and Chemicals Group and Tangshen Jidong Cement Co. The disposal...