Nuvoco Vistas plans 5-10% rise in specialised cement range
Nuvoco Vistas Corporation Ltd, previously known as Lafarge India, is planning a 5-10 per cent rise in specialised cement to its product range over the next two years. Value-adde...
Lafarge India
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India: Nirma raises US$598m to finance Lafarge acquisition
Nirma Group, which in July won the race to buy Lafarge India for a reported US$1.4bn, has raised INR40bn (US$598m) from a bond sale to finance the purchase, the Economic Times r...
Indian cement producers to appeal CCI fines
LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totalli...
Competition Commission of India imposes US$944m fine for cartelisation
The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competi...
Anhui Conch
Anhui Conch has missed out on the chance to acquire Lafarge India, despite its offer of INR95bn (US$1.4bn) coming in higher than the winning bid. A deal was finally struck with ...
Conch offer shows price just one factor in Lafarge deal
China’s Anhui Conch lost out in the race to acquire Lafarge India despite the fact that its offer of INR95bn (US$1.4bn) was higher than the INR94bn bid submitted by Nirma Group,...
India: Nirma to acquire Lafarge India for US$1.4bn
LafargeHolcim has announced that it has reached agreement with Nirma Group for the sale of Lafarge India. The deal - valued at US$1.4bn - will see Nirma acquire assets that incl...
Deadline day reached for Lafarge India bids
Today (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domest...
India: Five bidders still in running for Lafarge
The Financial Express reports that Lafarge India has reduced the number of bidders vying to acquire its assets to a shortlist of five: Cemex, Anhui Conch Cement, JSW Cement, Pir...
India: LafargeHolcim sale temporarily halted by court
The sale of 11Mta of LafargeHolciim assets in India has been put on hold by India's Competition Appellate Tribunal. According to Mint an appeal has been lodged by Dalmia Cement ...