Sagar reportedly looking to acquire BMM Ispat cement assets
Sagar Cements is reportedly planning to acquire the cement business of Bangalore-based BMM Ispat Group. Local press report anticipate that the deal is likely to be sealed in a c...
Mergers And Acquisitions
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Ashaka Cement stake changes hands
Lafarge Group has sold 58.61 per cent of its stakes in Ashaka Cement Plc to Lafarge Africa Plc in a deal valued at NGN41bn (US$252m).
Court of Appeal postpones Ahangarancement case in Uzbekistan
The Board of Appeals of the Tashkent Regional Economic Court adjourned the case on the claim of the Russian Eurocement Group holding due to the decision to invalidate the privat...
Dubai to acquire interest in Dangote Cement
Investment Corporation of Dubai (ICD), the main investment arm of the Emirate of Dubai, has agreed to purchase a minority interest in Nigeria's largest cement manufacturer, Dang...
Lafarge Holcim merger cleared in Singapore
The Competition Commission of Singapore (CCS) has given Lafarge and Holcim the greenlight to merge their businesses in the country.
Semen Indonesia closing in on Bangladesh acquisition
PT Semen Indonesia is trying to complete the acquisition of a Bangladesh cement company in the near future, said PT Semen Indonesia's Director of Business Development and Strate...
Dalmia plans merger of listed cement units
India-based Dalmia Group is considering merging its two listed cement units, OCL India and Dalmia Bharat, according to local press reports citing sources with knowledge in the m...
Shree Cement to acquire Jaiprakash grinding unit
Shree Cement has entered into an agreement to buy Jaiprakash Associates 1.5Mta cement grinding unit in the Panipat district of Haryana state in north India. Within the past year...
Mannersdorf sale draws interest
The Mannersdorf cement plant in Austria, which has been put up for sale by Lafarge ahead of its proposed merger with Holcim, has drawn interest from three notable parties, the d...
Orient in strategic talks to acquire 2Mta plant
Orient Cement is in talks with three companies to acquire a cement plant as part of plans to triple capacity by 2020, a senior company executive has said. Deepak Ketrapal, manag...