Simec reportedly in talks to buy stake in Gujarat unit
Dubai-based Simec is expected to buy up to 51 per cent in ABG Cement's Gujarat unit, local press have reported. The enterprise value of the 5.8Mta cement facility is expected to...
Mergers And Acquisitions
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Dalmia to acquire Jaiprakash Bokaro stake
Jaiprakash Associates Ltd (JAL) is to sell its 74 per cent stake in its Bokaro Cement joint venture to Dalmia Cement (Bharat).
Sagar denies Vicat buy-out talks
Sagar Cements Ltd has denied reports that it is in talks to sell its 47 per cent stake in its Vicat Sagar joint venture. The Economic Times newspaper earlier reported, citing un...
Lafarge reportedly attracting bids for Pakistan unit
Lafarge is reportedly attracting bids for its Pakistan unit, with the country's leading producer, Lucky Cement, said to be among companies competing for the assets. Potential ac...
Jaypee reportedly in talks to sell Panipat grinding unit
Holcim, via its ACC arm, is in preliminary acquire the Jaypee Group’s grinding unit in Panipat, Haryana state, two sources familiar with the situation told the Economic Times of...
Vulcan Materials Florida asset sale complete
Vulcan Materials Co has concluded the sale of its cement and concrete businesses in the Florida area to Cementos Argos SA for US$720m in cash. Under a separate supply agreement,...
Chettinad Cement in acquisition talks - report
Chettinad Cement is to acquire Anjani Portland Cement, according to local press reports. Citing sources familiar with the situation, Business Line India reported that the deal i...
India Cements approves scheme of amalgamation
India Cement has informed the Bombay Stock Exchange that its board of directors has approved a scheme of amalgamation of its subsidiaries Trinetra Cement (TCL) and Trishul Concr...
India: UltraTech in talks to acquire further Jaypee assets – report
UltraTech Cement is in preliminary talks to acquire the Jaypee Group’s cement assets in Solan, Himachal Pradesh state, according to local media citing two sources familiar with ...
China expected to announce relief measures to stimulate consolidation
China's State Council is expected to release specific measures to stimulate cement industry consolidation to address three key areas. A report published by China Perspective, st...