Jaiprakash reportedly receives four bids for cement business
Jaypee group-promoted Jaiprakash Associates has received four bids for the 20Mta of cement capacity that it has put up for sale to reduce its debt burden. A report in the Busine...
Mergers And Acquisitions
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Russian Sberbank gets 6% of LH from Eurocement in repurchase deal
Sberbank CIB, the investment banking arm of Russian lender Sberbank, announced on Friday it now holds six per cent of LafargeHolcim following a repurchase deal with Russian Euro...
Holcim Indonesia completes acquisition of Lafarge Cement Indonesia
Holcim Indonesia Tbk has acquired Lafarge Cement Indonesia, following the merger of the two parent companies.
Sagar reportedly in talks to buy Jaypee's Andhra Cements
Sagar Cements is in advanced talks to acquire Andhra Cements from the Jaypee Group, the Economic Times (ET) of India has learnt from two sources. JSW Cement is another potential...
HeidelbergCement issues EUR625m of debt certificates
HeidelbergCement has successfully issued debt certificates in the amount of EUR625m, thereby further strengthening its financing structure. Due to high demand, it was possible t...
India: consolidation and market growth on the rise?
Corporate consolidation in the Indian cement industry has been hitting the headlines recently, with local press reporting on potential deals in the pipeline. Meanwhile, with con...
Lafarge may need to divest of more Indian assets due to mining regulations
Lafarge India has submitted a revised proposal to the Competition Commission of India (CCI) to sell its entire 11Mta of assets in India, Business Standard reports, citing an inv...
Cimpor sells a minority stake in Paraguay producer
Cimpor has sold a 16 per cent stake in Ygauazu Cementos of Paraguay for a total of EUR32m, the company announced in a statement. The sale reflects a 14x EBITDA multiple. Cimpor ...
Hahn & Company to buy Ssangyong Cement
Hahn & Co, Korea’s leading private equity group, has been selected as the preferred bidder for a 46.14 per cent stake in Ssangyong Cement. Hahn & Company already owns part of th...
Cementir outbids Buzzi to buy Sacci
Shares of Italian cement group Buzzi Unicem fell after Cementir outbid its offer for the cement and ready-mix concrete business units of the Italian group Sacci SpA. Sacci has d...