Cement News tagged under: divestment

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Anhui Conch Cement Co

18 August 2015, Published under Cement News

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 disposals, believed to have taken place during April-June this year, realised a net profit of US$217m. The news comes as Xinjiang Qingsong predicted a 55 per cent YoY fall in its net profit to shareholders. Based in Aksu, the company sells cement, cement products, chemical products and building materials primarily in the X...

Buzzi Unicem

03 August 2015, Published under Cement News

Buzzi Unicem is selling the remaining 50 per cent of cement additives group Addiment Italia to its joint venture partner Sika AG, which had been its partner since 2003.

Holcim

02 April 2015, Published under Cement News

Holcim has sold its remaining 27.5 per cent stake in Siam City Cement for CHF655m (EUR624m) in a share placement that will yield a CHF465m (EUR348m) profit. A 24.9 per cent stake went to a member of the Hong Kong-based Jardine Matheson group and the remaining shares were places with institutional investors. Siam City Cement has a cement capacity of 14.5Mta at its Saraburi works, which employs in excess of 4000 people. Following opposition from the shareholders of the more profitable Holci...

CRH

02 February 2015, Published under Cement News

CRH spent around EUR190m on 21 acquisitions during 2014 and raised some EUR350m from 16 disposals during the course of 2014. The biggest deal was the divestment in November of the 50 per cent interest in Denizili Çimentok to Oyak, which raised EUR170m. A number of ready-mixed concrete and concrete products plants were sold as were some property assets in six disposals. The total raised was some EUR240m. In North America, EUR110m was raised from the sale of nine investments and an asset ex...

Lafarge

02 February 2015, Published under Cement News

Lafarge is negotiating with CRH to sell of its assets in Germany and certain assets in the United Kingdom, the Philippines, Brazil and Réunion.

Holcim

02 February 2015, Published under Cement News

Holcim 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...

CRH

06 January 2015, Published under Cement News

CRH 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.

HeidelbergCement

06 January 2015, Published under Cement News

HeidelbergCement’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 Business

24 December 2014, Published under Cement News

HeidelbergCement 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 property

23 December 2014, Published under Cement News

As 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...