Lafarge raises EUR200m to accelerate its development in India
Lafarge SA signed an agreement to raise €200m through capital increase subscribed by Baring Private Equity Asia, and representing a 14 per cent minority stake in its Indian subs...
Mergers And Acquisitions
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Buzzi Unicem is advancing in Russia and in the USA
Buzzi Unicem's first-quarter turnover declined by 10.5 per cent to €503.14m and the EBITDA dropped by 51 per cent to €11.75m but advances were seen in Russia and the USA.
BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China
BBMG Corporation has entered into an agreement to acquire a 66.67 per cent stake in Hebei Taihang Xuaxin Building Materials Co from BBMG Group Company Ltd. The transaction is va...
InterCement sells 52 per cent in Portuguese C+PA to Votorantim
Brazilian producer InterCement has sold a 52 per cent stake in Portuguese cement and building materials maker C+PA to Votorantim.
Lafarge sells Ukraine cement plant to CRH
Lafarge is to sell its cement activities in Ukraine to CRH plc for an enterprise value of EUR96m. Lafarge, through its subsidiary Mykolaivtsement, operates a 1.3Mta integrated w...
Mustehkam Cement and Bestway Cement to merge, Pakistan
Two Pakistan-based cement producers, Mustehkam Cement and Bestway Cement, have informed the Karachi Stock Exchange (KSE) of their intention to merge and operate as a single comp...
UltraTech in talks with JP Associates for Gujarat assets, India
UltraTech Cement is reportedly closing in on a deal to acquire the cement assets of Jaiprakash Associates in the state of Gujarat, India, according to local press reports. "The ...
Sale of Akmenes Cementas shares blocked by anti-trust regulator
Lithuania’s Competition Council has blocked the sale of a 51 per cent stake in Akmenes Cementas to Concretus Materials, part of the Betoneta Group.
HeidelbergCement increases holding in Russian cement company
HeidelbergCement has increased its holding in the Russian cement company CJSC “Construction Materials” from 51 per cent to 100 per cent. The parties have agreed not to disclose ...
Jaiprakash in new attempt to sell Gujarat assets, India
Jaiprakash Associates is reportedly planning to sell its Gujarat-based cement units within a few weeks in an effort to reduce debt.