Loma Negra sells majority stake in Yguazú Cementos
Argentina-based Loma Negra (Intercement) has sold its 51 per cent majority stake in Paraguay’s Yguazú Cementos. The value of the deal was not announced, but the company had been...
Mergers And Acquisitions
613 posts · Page 6 of 62
Imerys set to acquire 60% stake in refractory supplier
France-based Imerys has signed an agreement for the acquisition of a 60 per cent stake in Turkey’s Haznedar Group, a high-grade monolithic refractories and refractory brick manu...
Ohorongo Cement sale blocked by competition commission
The Namibian Competition Commission has reportedly blocked the NAD1.5bn (US$86.67m) sale of Schwenk Namibia, which manages and owns 69.8 per cent of Ohorongo Cement, to West Chi...
UltraTech Cement's subsidiary to sell entire stake in Shandong Binani Rongan Cement
India’s UltraTech Cement has announced that its Krishna Holdings subsidiary will sell its entire stake in Shandong Binani Rongan Cement Co for a value of US$120m. "Krishna Holdi...
India Cements denies reports of acquisition
Despite recent reports, India Cements has denied that Radhakishan Damani, owner of Avenue Supermarts Ltd, will be acquiring a controlling interest in the company. Mr Damani curr...
Hong Leong Asia grows stake in Tasek Corp
Hon Leong Asia’s wholly-owned subsidiary, Ridge Star, has acquired 30,700 shares of Malaysia-based Tasek Corp at a value of around US$57,964, according to The Straits Times. Fol...
Mitsubishi Materials and Ube Industries Ltd consider cement merger
Japan’s Mitsubishi Materials Corp has signed letter of intent regarding the merger of its cement business with Ube Industries Ltd. The company’s will now begin discussions regar...
Nexe Grupa reportedly looks to acquire Cemex Croatia
Croatia’s Nexe Grupa is reportedly interested in acquiring the local unit of Cemex, which is still for sale following HeidelbergCement’s bid to buy it several years ago, accordi...
Cementos Progreso acquires Cemento Interoceánico
Guatemala’s Cementos Progreso has acquired a 100 per cent stake in Cemento Interoceanico SA, a Panama-based producer. Fabrega, Molino & Mulino acted as a legal adviser to Cement...
Eagle Materials' acquisition of Kosmos receives approval
The US-based Federal Trade Commission (FTC) has cleared Eagle Materials Inc’s agreement to acquire certain assets from Kosmos Cement Company, Kentucky, a joint venture between C...