PPC buys controlling stake in Safika Cement
PPC has entered into an agreement to purchase a controlling equity stake in Safika Cement Holdings, a blended-cement producer in South Africa. The company acquired the stake for...
Mergers And Acquisitions
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HeidelbergCement mulls sale of non-core assets
HeidelbergCement is considering the sale of non-core assets, its CEO Bernd Scheifele told local press in a recent interview. Speaking to the Boersen-Zeitung on Tuesday, Mr Schei...
Calderys announces Indonesian joint venture
Refactory solutions specialists Calderys has signed a joint venture (JV) agreement with Indonesian refractory manufacturer PT Indoporlen. Calderys, a subsidiary of Imerys of Fra...
Eurocement plans full ownership of Ahangaran Cement, Uzbekistan
Russia-based Eurocement Holding AG is planning to increase its stake in Uzbekistan's second largest cement producer Ahangaran Cement up to 100 per cent. Currently, Eurocement Ho...
Vinaconex to sell majority stake in Cam Pha Cement
Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) is in talks to sell its 70 per cent stake in Cam Pha Cement. According to reports by Vietnam News Brie...
HeidelbergCement raises 2Q13 operating profit
HeidelbergCement, the world’s third-largest cement producer, reported a second-quarter operating profit as it managed to increase prices in its main markets. A rise in demand in...
Hai Van Cement to issue shares to finance acquisition, Vietnam
Hai Van Cement JSC is to issue 21.46m shares in a move acquire Ang Son II Co the from Thang Loi Group Co.
Holcim streamlines Indian operations
Holcim is to increase its shareholding in Ambuja Cements as part of the Swiss major's strategy to restructure and streamline its operations in India. Through intragroup restruct...
Shriram Cement confirms talks on cement unit sale
India-based producer Shriram Cement has confirmed that it is in talks with investors over the sale of its cement business. The statement came following news reports that CRH is ...
Prosperity Minerals confirms merger offer, China
Prosperity Minerals Holdings Ltd confirmed that it has received an initial approach from Prosperity International Holdings Ltd with a view to a possible offer being made for the...