South Valley to bid for additional shares in BMIC, Egypt
South Valley Cement Company voted on Sunday to bid for no less than 30 per cent of Egyptian Building Materials Industry Company (BMIC), to add it to the 47.61 per cent of the sh...
Mergers And Acquisitions
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TCC International unit to acquire Hunan Jindadi Materials Company Ltd
TCC International (Hong Kong) Company Ltd, a wholly-owned subsidiary of TCC International Holdings Ltd, has entered into an agreement to acquire 100 per cent stake in Hunan Jind...
Lafarge to acquire complete control of Unicem
Lafarge Nigerian Cement Holdings said on Monday it had entered into an agreement with Flour Mills of Nigeria to purchase a 30 per cent stake in United Cement Company of Nigeria ...
UltraTech acquires 51% interest in Omani mining firm
UltraTech Cement Middle East Investments, a subsidiary of UltraTech Cement, has acquired a 51 per cent interest in Omani mining company Awam Minerals LLC. Awam Minerals possess ...
PPC increases stake in Habesha, Ethiopia
PPC has increased its shareholding in Ethiopian producer Habesha Cement Share Company to 51 per cent by acquiring the Industrial Development Corporation's (IDC) 20 per cent stak...
Taiwan Cement Corp subsidiary in Chinese acquisition
Taiwan Cement Corp announce that it plans to spend CNY676m (US$1117m) to acquire Sichuan Railway Group Cement via a subsidiary as part of its plans to increase its presence in C...
HeidelbergCement won't bid for Lafarge and Holcim assets
HeidelbergCement has said it will not bid for any of the assets up for sale by rivals Lafarge and Holcim as part of their planned merger. “After a thorough analysis, HeidelbergC...
Holcim Philippines board gives nod for Lafarge talks
Holcim Philippines’ board of directors have authorised the company to “consider and negotiate the purchase” of Lafarge’s shares in Lafarge Illigan Inc, Lafarge Mindanao and Lafa...
Holcim and Lafarge formally notify EC
Lafarge and Holcim have formally notified the European Commission (EC) of their proposed merger to obtain regulatory approval and have made slight changes to the list of assets ...
CNBM to acquire stake in Shanshui Cement
China National Building Material Co (CNBM) is set to acquire a 20 per cent stake in Shanshui Cement Group for HK$1.56bn (US$201m). Shanshui Cement will sell 563.2M new shares at...