FLSmidth strengthens customer services footprint in Australia
FLSmidth signed an agreement to acquire the two Australian service companies MIE Enterprises Pty Ltd. and Mayer Bulk Pty Ltd. The parties have agreed not to disclose the value o...
Mergers And Acquisitions
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Seacem trims stake in Lafarge Republic, Philippines
Southeast Asia Cement Holdings (Seacem) on Tuesday sold a 2.3 per cent stake in Lafarge Republic Inc (LRI) to local institutional investors for PHP1.14bn (US$27m).
FLSmidth to acquire German TEUTRINE GmbH
FLSmidth has acquired the privately-owned company TEUTRINE GmbH Industrie-Technik (TEUTRINE), a German company specialised in mobile solutions for repairs, refurbishments and in...
Lafarge Republic to comply with 10% public ownership, Philippines
Lafarge Republic Inc was approved a one-day trading suspension on Friday by the stock exchange of the Philippines as it unveiled plans to comply with the exchange's 10 per cent ...
Tangshan Jidong Cement majority shareholder increases stake, China
Tangshan Jidong Cement announced that its controlling shareholder, Jidong Development Group Co Ltd, has acquired a combined 14.01m shares, ore a 1.04 per cent stake in the compa...
Citi Venture Capital International interested in Shriram Group investment
Citi Venture Capital International (CVCI) is reportedly holding talks to invest INR400crore in the cement unit of southern conglomerate Shriram Group, according to reports in th...
FLSmidth acquires Decanter Machine, USA
FLSmidth has today signed an agreement to acquire the privately owned company Decanter Machine, Inc, a United States based manufacturer and supplier of centrifugal technology to...
Independents struggle under southern excess capacity, India
Two years of flat growth in south India has pushed independent cement firms to seek buyers, according to a report in the Times of India. After news of Sree Jayajothi Cements loo...
CRH confirms Jaiprakash talks for Gujarat unit
CRH plc announces that it has entered negotiations with Jaypee Cement Corporation (Jaypee) that may lead to the purchase by CRH of an equity stake in Jaypee’s Gujarat cement bus...
CRH closing in on Jaiprakash cement stake - report
CRH is reported close to picking up 51 per cent stake in Jaiprakash Associates' cement operations in Gujarat at an enterprise value of about INR4200 crore, the Economic Times of...