Cementos Portland books capital gain from stake swaps, Spain
Spain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Uni...
Mergers And Acquisitions
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China Resources in proposed joint-venture agreement, China
China Resources Cement has entered into a two-year framework agreement with Zhihai Group Co Ltd to establish a joint venture. The new venture intends to acquire clinker producti...
East African Portland Cement eyes expansion
Kenya’s East African Portland Cement Co (EAPCC) is exploring the option of expanding its operations both at home and in neighbouring Tanzania, according to reports by Reuters. “...
Two frontrunners emerge for Jayajothi Cements stake, India
Citi Venture Capital International (CVCI) and Blackstone have emerged as the two private equity (PE) investors shortlisted by the Shriram Group to purchase a stake in its Jayajo...
Majority stake in Zeal Pak Cement to be sold, Pakistan
The majority shareholder of Pakistan cement manufacturer Zeal Pak Cement, Sardar Mohammad Ashraf D Baluch (Pvt) Ltd, plans to its 64 per cent controlling stake in the company. Z...
Binani Industries plans to sell 40% stake in cement arm, India
Binani Industries in talks to sell up to a 40 per cent stake in its subsidiary Binani Cement to raise capital to cut debt and expand cement capacities. The company is said to be...
Quinn and Lagan call off merger plans
Lagan and Quinn Building Products have abandoned plans for their proposed joint venture. Last December, the two companies announced that they had signed a memorandum of understa...
Lagan Group responds to threat over proposed merger
The Lagan Group has called in the Police Service of Northern Ireland (PSNI) to investigate the circumstances surrounding the receipt of a package containing a bullet which was a...
Temasek Holdings in line for Lafarge India stake?
Temasek Holdings is reportedly among those shortlisted by Lafarge as a potential buyer for a minority stake in its Indian arm. Lafarge India plans to sell a 20-30 per cent stake...
Eagle Materials trading profit almost trebles, USA
Eagle Materials' turnover, including its share of the Texan cement joint venture with HeidelbergCement, rose by 22.7 per cent to US$366.32m for the six months to the end of Sept...