Buzzi in strategic agreement with W&P Cementi
Buzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent i...
Mergers And Acquisitions
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HeidelbergCement takes over logistics company
HeidelbergCement has increased its participation in the logistics company Kerpen & Kerpen GmbH & Co KG from 30 per cent to 100 per cent, the German cement major said in a statem...
Cemex confident on medium-term goals
Cemex remains confident that it is on track to meet its medium-term EBITDA goal as it continues to capture the full potential from its existing portfolio to improve profitabilit...
Cargotec's MacGregor completes acquisition of Aker Solutions unit
Cargotec's MacGregor has completed the acquisition of the mooring and loading systems business from Aker Solutions. Cargotec announced the agreement to acquire the unit in Octob...
Martin Marietta to take over Texas Industries
Martin Marietta Materials, currently the fourth-largest US aggregates producer, is making an agreed, all-share offer for Texas Industries. If concluded, it will leave existing M...
Morgan Stanley maintains Cemex rating
Morgan Stanley has maintained its 'Overweight' rating on Cemex, raising its price target to US$14.00 from US$13.00. It believes that the Mexican cement major could be turning th...
Vulcan sells cement assets to Cementos Argos
Vulcan Materials has agreed the sale of all of its cement activities, as well as certain downstream assets, to Cementos Argos for US$720m in cash. The deal, which is still subje...
Semen Indonesia in joint venture talks
Semen Indonesia is in early talks to establish joint ventures with three potential partners, the company’s president director, Dwi Soetjipto, has revealed.
Egyptian court accepts Assiut appeal
An Egyptian court has accepted an appeal by Assiut Cement, overruling a decision to annul an agreement under which Cemex acquired a controlling stake in the Egyptian unit. The c...
UK regulator demands domestic shake up
The structure and conduct of the UK cement sector restricts competition, costing consumers around GBP50m annually, and therefore requires decisive market intervention, according...