HeidelbergCement divests Spanish assets to Cemex
HeidelbergCement pushes forward its portfolio optimisation programme, and has signed agreements to sell its regional aggregates and ready-mixed concrete businesses in the region...
Divestments
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PPC sells lime operations to Kgatelopele Lime
South Africa’s PPC has announced the sale of its lime operations to Kgatelopele Lime for ZAR515m (US$35.5m). The net proceeds from the divestment are part of PPC’s capital restr...
The search is on for new investors in Brazil's cement sector
Brazil's cement market has been the focus of much attention in recent weeks firstly, with the completion of the CRH cement assets in the country to Companhia Nacional de Cimento...
Al Akaria sells stake in Hail Cement
Saudi Arabia’s Al Akaria, a real estate company, has sold its entire stake in Hail Cement Co at a value of SAR96.9m (US$25.84m). The company had a stake of 6m shares and made a ...
Loma Negra sells majority stake in Yguazú Cementos
Argentina-based Loma Negra (Intercement) has sold its 51 per cent majority stake in Paraguay’s Yguazú Cementos. The value of the deal was not announced, but the company had been...
Holcim Philippines expected to remain within group
Following the lapse of sale agreement with San Miguel Corp earlier this year, Holcim Philippines is now expected to remain within LafargeHolcim, according to the company's CEO, ...
UltraTech Cement's subsidiary to sell entire stake in Shandong Binani Rongan Cement
India’s UltraTech Cement has announced that its Krishna Holdings subsidiary will sell its entire stake in Shandong Binani Rongan Cement Co for a value of US$120m. "Krishna Holdi...
Suez Cement looks to sell stake in Hilal Cement
Egypt’s Suez Cement has decided to place its 51 per cent stake in Kuwait-based Hilal Cement up for sale, according to a statement to the country’s stock exchange. Elsewhere, the...
Cemex set to divest certain UK assets to Breedon Group
UK-based Breedon Group has announced that it has entered into a conditional agreement with Cemex to acquire certain assets and operations in the UK for a total consideration of ...
Dongwu Cement to sell stake in wastewater treatment company
China’s Dongwu Cement has announced that its subsidiary, Xinhua Shanghai Investment Management Co, plans to divest its entire 62.26 per cent stake in Shanghai Biofit Environment...