Jaypee Group’s cement assets up for grabs
Jaypee Group is planning for an outright sale of its 20Mt portfolio of cement assets worth an estimated INR190 (US$2.86bn) enterprise valuation. UltraTech, Dalmia Bharat backed ...
Mergers And Acquisitions
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2015: year in review
As the final week of 2015 approaches, we take a look back at some of the most talked-about topics of the year across the global cement arena.
Shanshui subsidiary alleges Tianrui takeover of unit was illegal
Tianrui Group's move to take full control over a unit of Shanshui Cement is facing challenges, Dow Jones reported. Shandong Shanshui Cement Group said in a statement on 'Chinamo...
Cyprus: change in VCW ownership structure
The Archbishopric of Cyprus purchased 12.84m shares of Vassiliko Cement Works (VCW) from the Hellenic Mining public company at EUR1.20/share. The total value of shares bought ad...
Anhui Conch to double West China Cement stake
Anhui Conch Cement Co has agreed to more than double its stake in West China Cement Ltd for HK$4.59bn (US$592m). Conch International Holdings (HK), a wholly owned unit of Anhui ...
JSW and JK Lakshmi reportedly among shortlist for Reliance cement assets
JSW Cement Ltd and JK Lakshmi Cement Ltd are among seven bidders shortlisted for Reliance Infrastructure Ltd’s 5.5Mta cement assets, an official directly involved in the deal ha...
HeidelbergCement 3Q15 revenue rises 3% YoY
HeidelbergCement reported a three per cent rise in group revenue to EUR3.6bn in the first three months of the ‘despite partly adverse market conditions,’ the company said in a s...
West China Cement to acquire Shaanxi-based producer
West China Cement said it agreed to acquire the entire equity interest of Tongchuan Yaowangshan Ecological Cement Co Ltd as well as shareholder's loan at CNY767m (US$121m). Yaow...
Lafarge Malaysia Bhd considers Sarawak investment
Lafarge Malaysia Bhd is considering to re-operate in Sabah and Sarawak regions amid the huge potential, its newly-appointed president and chief executive officer, Thierry Legran...
LafargeHolcim successfully completes squeeze-out of Lafarge SA
LafargeHolcim today announced on Friday it has successfully implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris as...