Lafarge divests in US assets to Eagle, market improves
Last week, Lafarge announced the disposal of two cement works and a network of ready-mix concrete plants in Missouri and Oklahoma, USA, to Eagle Materials Inc, adding US$446m (E...
Mergers And Acquisitions
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Dalmia Bharat to buy Adhunik Cement for INR5.60bn
Dalmia Bharat Enterprises Ltd said Friday it has signed an agreement to acquire Adhunik Group's cement unit for about INR5.60bn (US$106.3m).
Huaxin Cement’s largest shareholder buys 18.61m B-shares
China-based cement producer Huaxin Cement said that its largest shareholder bought a combined 18.61m B-shares (or a 1.98 per cent stake in the company) between December 23rd, 20...
Algeria government in negotiations for ASEC Cement Algeria stake
The Algerian government is negotiating with Egypt's ASEC Cement to acquire a minority stake in its Algeria-based operations, the firm's main stakeholder told the stock exchange ...
Govt to appeal court order Assiut Cement renationalisation, Egypt
The Egyptian government plans to file an appeal against a Thursday court ruling renationalising Assiut Cement, Industry and Foreign Trade Minister Hatem Saleh told Ahram Online ...
Dubai Group in talks for Lafarge Emirates stake sale, UAE
The Dubai Group is in talks to sell its 45 per cent stake in its UAE joint venture with Lafarge, according to reports by Reuters. Lafarge Emirates Cement, set up in 2005, is res...
Court ruling threatens to nullify Cemex stake in Assuit, Egypt
Cemex said on Thursday its Egyptian unit Assiut Cement Co has learned of a preliminary ruling by a court in Egypt that could nullify the agreement under which Cemex bought a maj...
Cemex clears refinancing deal, considers asset sales
Cemex will extend maturities of bank loans by three years after its restructuring offer won acceptance from creditors holding 92.6 per cent of the debt.
Oyak Cement to sell stake in Aslan Cemento, Turkey
Military-run business conglomerate Oyak Cement announced on Friday it had applied to the Central Registry Agency to sell an almost 10 per cent stake in subsidiary Aslan Cemento....
Huaxin sees 82.3 per cent slide in 1H12 net profit, China
Huaxin Cement said net profit for the first half of 2012 fell 82.3 per cent YoY to CNY95.92m (US$15m). Operating revenue slid 1.53 per cent YoY to CNY5.49bn with basic earnings ...