Taiheiyo Cement to transfer equity stake in Qinhuangdao Asano Cement
Japan-based Taiheiyo Cement announced that it would transfer the 71.99 per cent equity stake in its Chinese consolidated subsidiary Qinhuangdao Asano Cement to China's Qinhuangd...
Divestment
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Misr Insurance reduces Misr Cement-Qena stake
Misr Insurance Co has lowered its stake in Misr Cement-Qena from 9.3 to 4.68 per cent, Misr Asset Management said in a statement to the Egyptian Exchange on 23 June. The insuran...
Cemento Melón to sell concrete products business
Cemento Melón has announced it will divest its concrete products business and has signed an agreement with Grau SA to sell 49 per cent of its concrete prefabrication shares. The...
Eagle Materials sells non-core concrete and aggregates assets
Eagle Materials Inc announced it has sold its Western Aggregates and Mathews Ready Mix operations for US$93.5m to Teichert, a California-based construction company. Western Aggr...
Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc
Cemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an agg...
Breedon shareholder plans to sell up to 8.3% stake
Breedon Group Plc shareholder M1 Cement Holding Ltd plans to sell up to 8.3 per cent of the company’s issued share capital via a secondary placing, according to brokerage JP Mor...
UltraTech Cement
UltraTech Cement, part of the Aditya Birla Group, is close to finalising the deal to sell its stake in Emirates Cement Bangladesh to HeidelbergCement Bangladesh Ltd. The price o...
Cementos Argos
Cementos Argos is selling its entire stake in Omya Andina for COP62,700m (US$19.6m). Omya Andina is a subsidiary of Switzerland’s Omya AG, a leading producer of calcium carbonat...
PPC
PPC, the majority shareholder in Cimerwa cement, is considering buying the Rwandan government’s stake in the company. PPC has held a 51 per cent share in Cimerwa since 2012. The...
Baticim puts Batisoke stake of up to 75% for sale
Baticim, part of the Turkey-based Bati Anadolu Group, is looking to sell a stake of up to 75 per cent in Batisoke, according to a Reuters report citing a source close to the pro...