Deutsche Bank upgrades Holcim to buy
Deutsche Bank upgrades Holcim to buy from hold and lifts its target price to CHF90 (EUR74) from CHF70 (EUR57) as the upside potential in the building sector should boost cement ...
Mergers
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Lafarge and Holcim agree cement merger
Holcim and Lafarge have confirmed today their intention to combine the two companies through a merger of equals, to create a new number one global cement major. Billed as a ‘mer...
Ambuja gets nod for merger with Holcim India
The High Courts of New Delhi and Gujarat have given Ambuja Cements the green light to merge with Holcim India – paving the way for the ACC-Ambuja restructuring process announced...
Grupo Argos merges port assets
Grupo Argos has been authorised by its Board of Directors to merge its port assets with Muelles El Bosque Operador Portuario (MEBOP) and Terminal Marítima Muelles El Bosque. The...
China: cracks begin to appear
With a downturn looming, major cement companies in China are using various strategies to weather the tough times, such as consolidation and a push for greener technologies.