Cement News tagged under: mergers and acquistions

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No large acquisitions for LafargeHolcim

29 October 2019, Published under Cement News

LafargeHolcim does not expect to be bidding for BASF’s construction chemicals business, according to CEO, Jan Jenisch. Following the divestment of some of its businesses and using the proceeds to pay down debt, the cement producer is more likely to look at smaller transactions and investment in its existing operations, Mr Jenisch said. "It's not like we have a couple of billions we want to throw at anyone. We are quite happy to have this new solid balance sheet, and have no plans to go ba...


18 December 2017, Published under Cement News

It has been an eventful December for PPC so far. It started the month with three potential bidders but looks set to end it with none. The first to walk away was CRH. The Irish building materials giant made an undisclosed cash bid for PPC in November but has now decided to drop its interest in the company despite being given time for due diligence and the opportunity to submit an updated bid.  The second suitor to leave is Canada’s Fairfax Africa Investments. Last month AfriSam launched a ...

CRH plans cash bid for PPC

14 November 2017, Published under Cement News

Ireland’s CRH has registered its interest in submitting a cash bid for South African cement producer PPC as it takes on AfriSam and LafargeHolcim. While PPC did not disclose the amount of the bid, it said it would give the Irish group time for due diligence and to submit an updated bid next week which would include a value per share for the company. "Historically, it would have been unusual for CRH to enter a bidding situation for a listed company, given management's preference for pu...