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...
Mergers And Acquisitions
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India: Birla eyes September completion of Reliance acquisition
Birla Corporation has said that it expects to complete its acquisition of Reliance Cement by September, Gulf Today reports. The US$711m deal was initially struck in February 201...
China: BBMG sells stakes to Jidong Cement
Chinese building materials supplier, BBMG Corp has plans to sell its stakes in 31 cement-related companies to Jidong Cement. The stakes on offer are valued at CNY15.5bn (US$2.3bn).
China: West China Cement to agree to Anhui Conch ownership
Yesterday, shares in West China Cement rose nearly six per cent on news that a sufficient majority of option-holders had agreed to an acquisition by largest listed Chinese peer,...
Republic Cement to be delisted from Philippine stock exchange
The Philippine Stock Exchange has approved the delisting of cement-maker Republic Cement & Building Materials Inc., formerly Lafarge Republic Inc. (LRI), effective April 25 this...
HeidelbergCement to sell Italcementi's Belgian operations as part of integration plan
HeidelbergCement has laid out its plans for the restructuring of Italcementi's operations following the former's moves to acquire a 45 per cent stake in the Italian firm last Ju...
Italy: strike planned over Heidelberg/Italcementi merger
A strike with national demonstration has been announced for Friday, 29 April 2016 to protest about the possible job cuts for Italcementi workers over the proposed merger with He...
India: UltraTech confirms US$2.4bn purchase of Jaypee assets
UltraTech Cement has reached a definitive agreement in its deal to buy 21.2Mta of production capacity from Jaiprakash Associates (JAL) at a cost of INR159bn (US$2.4bn). India's ...
India: UltraTech purchase of 22.4Mta capacity set to be announced
UltraTech Cement, already India's largest cement producer, is expected to confirm its purchase of Jaiprakash Associates' cement business.
Russia: waiting for a thaw Premium
In the face of considerable economic headwinds, Russia’s construction industry has seen its growth decelerate as public and private investors cut back on spending. Russia’s ceme...