Whale Rock plans to acquire Schwenk Namibia
Whale Rock Cement (Pty) Ltd , the parent company of Cheetah Cement, has filed a notice to acquire Schwenk Namibia, which holds a majority stake in Ohorongo Cemen t. If successfu...
Schwenk Namibia
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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...
International Cement cancels US$144m deal to buy Schwenk Namibia
International Cement Group (ICG) has cancelled its proposed US$10.4.4m acquisition of Schwenk Namibia, according to a bourse filing on Monday. The deal, first announced in March...
International Cement fails to receive SGX acquisition approval
International Cement Group (ICG) has failed to receive approval from the Singapore Exchange (SGX) for the complete acquisition of Schwenk Namibia , valued at US$104.4m, accordin...
Schwenk Zement to exit Namibia
This week, ICR learned that the Namibian cement market was in the process of change with Schwenk Zement's 0.7Mta Ohorongo plant now expected to come under control of Internation...
International Cement set to acquire Schwenk Namibia
Singapore’s International Cement Group has entered into a conditional agreement to acquire a 100 per cent stake in Schwenk Namibia Pty Ltd for SGD141.89m (US$104.4m). This amoun...