Berenberg upgrades Italcementi
Analysts at Berenberg bank have upgraded its recommendation on Italian cement major Italcement's stock to 'buy' from 'sell' with a target price of EUR6.30. Berenberg said the pl...
Europe
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Spanish watchdog initiates preliminary inspection
The Spanish competition watchdog Comisión Nacional de los Mercados y de la Competencia (CNMC) has carried out inspections at the headquarters of companies that produce cement, c...
Mannersdorf sale draws interest
The Mannersdorf cement plant in Austria, which has been put up for sale by Lafarge ahead of its proposed merger with Holcim, has drawn interest from three notable parties, the d...
Italcementi suffers from jump in financing costs
Italcementi's first-half turnover declined by six per cent to EUR2048.4m, but the running EBITDA did improve by 2.2 per cent to EUR304.8m.
Buzzi Unicem and Wietersdorfer deal completed
Buzzi Unicem has completed a strategic agreement with Wietersdorfer initially announced in February this year. Under the terms of the deal, Buzzi Unicem is receiving EUR22m from...
European Commission objects to Spanish deal
The European Commission, the antitrust regulator in Europe, has objected to plans by Cemex to acquire Spanish units held by Holcim. However, a source told Reuters last week that...
Ciments Calcia opens new distribution centre in Paris
Ciments Calcia opened a new distribution centre in the 13th arrondissement of Paris, France, on 4 July 2014, designed by Vib Architecture. The centre consists of two 20m dia sil...
Italcementi reaches threshold for squeeze-out of Ciments Français
Italcementi said on Thursday it had bought more than 95 percent of share capital of Ciments Français, reaching the threshold for the squeeze-out of minorities at its French unit. ç