China: BBMG acquires 60% stake in Hebei line
BBMG announced that the company held 60 per cent equity of Xingtai Yong Ning Cement through transference at a consideration of CNY245m (US$39.46m). Xingtai Yong Ning Cement owne...
Mergers And Acquisitions
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Ashaka board recommends Lafarge buy-out offer to minority shareholders
The board of directors of Ashaka Cement has advised minority shareholders to accept the buy-out mandatory tender offer (MTO) by Lafarge Africa.
UltraTech reportedly in talks to buy further Jaiprakash units
UltraTech Cement is in talks to acquire Jaiprakash Associates Ltd's cement plants in central and southern India, people with knowledge of the matter have told local press. The c...
CRH increases investment war chest
CRH’s recent disposal announced this week is being viewed as positive for further development as it keeps in line with the company's efforts to streamline its portfolio and prov...
Peru's Gloria Group acquires control of Soboce, Bolivia
Peruvian conglomerate Gloria Group has acquired an outstanding 51.35 per cent stake in Bolivia's largest cement producer Sociedad Boliviana de Cemento (Soboce) for US$300m. Glor...
LSR to sell Slantsy cement plant to Eurocement
LSR Group is selling its Slantsy plant in the Leningrad region of Russia to the country’s leading cement producer, Eurocement Group. The parties have signed preliminary sales ag...
South Africa: PPC receives merger offer from AfriSam
South Africa’s leading cement producer, PPC, has received a merger offer from local rival AfriSam that would create a dominant player in the country. “The Board is considering t...
UltraTech re-evaluating Brazil asset bid
Indian cement major UltraTech Cement is reportedly re-evaluating its decision to bid for the Brazilian assets put on the block by Holcim and Lafarge ahead of their planned merger.
Argos to not bid for Lafarge/Holcim Brazilian assets
Cementos Argos has decided not to not bid for the Brazilian assets that Lafarge and Holcim have put up for sale ahead of their planned merger.
Lafarge in Ashaka buy-out offer
Lafarge Africa has offered to buy out minority shareholders in Ashaka Cement Plc. The move follows the merger Lafarge Africa’s Nigerian and South Africa businesses, which receiv...