Libya Holdings Group to buy out Asamer interest in LCC
Benghazi-based Libya Holdings Group is to acquire Austrian majority owner Asamer in the Libyan Cement Company (LCC), according to reports in the Libyan Herald. Asamer bought int...
Mergers And Acquisitions
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Shree completes acquisition of Jaiprakash grinding unit, India
Shree Cement has completed the acquisition of a cement grinding unit of Jaiprakash Associates in Haryana state, India. “The acquisition of a 1.5Mta cement grinding unit of Jaipr...
Holcim and Lafarge receive EC approval for CRH as buyer of divestment assets
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of several assets of Holcim and Lafarge by Irish building materials manufacturer CRH....
UltraTech full-year net profit down 6% YoY
India’s largest cement manufacturer UltraTech Cement reported a six per cent drop in its net profit for the year ended 31 March 2015 to INR20.15bn versus INR21.44bn in the previ...
Jaiprakash Associates to seek shareholders' approval for divestments to UltraTech
Jaiprakash Associates Ltd will next month seek approval from its shareholders and creditors for the proposed sale of its cement units to UltraTech Cement. "Pursuant to an order ...
Italcementi Group to acquire two Holcim facilities in the US
Essroc, the North American subsidiary of Italcementi group company Ciments Français, has signed an agreement with Holcim to purchase the slag cement grinding facility in Camden,...
ISS backs LafargeHolcim deal
US shareholder adviser ISS has recommended that Holcim investors back the Swiss cement maker's proposed merger with Lafarge ahead of next month's shareholder vote on the tie-up....
Century Textiles to reportedly spin off cement unit
Century Textiles, owned by Birla patriarch Basant Kumar Birla, will spin off its cement business and merge it in an all-share deal with UltraTech Cement, owned by grandson Kumar...
Semen Indonesia eyeing another Vietnamese acquisition
Semen Indonesia is looking to acquire a second cement producer in Vietnam to further bolster its presence in the southeast Asian country. Director of finance Ahyanizzaman said S...
Eurocement seeks Galchev Board seat at LafargeHolcim
Eurocement Holding AG, the second-biggest shareholder in Holcim Ltd, said Wednesday it is nominating its owner, Filaret Galchev, for a position on the Board of the company that ...