Reliance may get final bids for cement unit by year-end, India
Reliance Infrastructure is expected to get final bids from the shortlisted bidders for the sale of its cement business by 24 December 2015, according to sources close to the sal...
Divestments
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LH says its Australian and New Zealand operations are not up for sale
LafargeHolcim said its Australian and New Zealand operations are not currently on the sale block, according to Bloomberg reports following press speculation at the end of last w...
Vietnam northern province to divest state stakes in Lang Son Cement
The People’s Committee of Vietnam’s northern province of Lang Son plans to sell state stakes in Lang Son Cement JSC (LCC) at a put-through price is set at VND1380 ($0.06) each p...
Reliance Group to exit cement business?
The Reliance Group has decided to exit the cement business by putting privately-held Reliance Cements up for sale, the Economic Times of India reports. Reliance Group has recent...
Cemex USA announces divestment in the southeastern United States
Cemex USA announced Friday that it has signed an agreement for the sale of its gypsum wallboard business based in Florida to US LBM. The proceeds obtained from this transaction,...
Qalaa Holdings first-half revenues up by a third, Egypt
Qalaa Holdings (formerly Citadel Capital) released its consolidated financial results for the quarter ending 30 June 2015, reporting revenues of EGP2086.8m, up 33.7 per cent com...
Italcementi disposes of WCC stake
Italcementi Group, via its affiliate CimFra (China) Ltd SAS, has disposed of its 5.24 per cent stake in West China Cement (WCC) for an upfront consideration of HKD341m, equivale...
China: MCC unit to sell cement assets
China 22MCC Group Corporation Ltd, a wholly-owned subsidiary of the China Metallurgical Group Corporation (MCC), plans to sell cement assets for a combined CNY57.64m, according ...
Peru: Volcan mulls sale of Polpaico shares
Peruvian mining firm Volcan could sell its share in Chilean cement company Polpaico if metal prices continue falling, according to the firm's CFO Jorge Murillo. Volcan could rec...
LH to sell two eastern Indian plants to Birla Corp
LafargeHolcim announces that it has entered into a letter agreement with Birla Corp Ltd, subject to approval by the Competition Commission of India (CCI), for the divestment of ...