UltraTech to buy stake in clean energy plant
Indian cement producer UltraTech , part of the Aditya Birla Group , will by a 26 per cent stake in O2 Renewable Energy XXII for approximately INR160m to meet the energy requirem...
Share Purchase
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Huaxin increases Chilanga stake
Huaxin Ltd has increased its shareholding in Zambia-based Chilanga Cement from 75 to 81.19 per cent following the purchase of 50,013,468 shares, according to the Times of Zambia...
Damani family increases stake in India Cements
Radhakishan Damani and Gopikishan Damani have increased their stake in India Cements during the October-December 2020 quarter. Radhakishan Damani increased his stake by 0.54 per...
Dangote Cement set to begin share repurchase scheme
Nigeria’s Dangote Cement is planning to begin a share buyback programme, starting with a first tranche of 85.2m shares or 0.5 per cent of the total in issue. The purchase is set...
Cevian Capital increases stake in CRH
Cevian Capital, Europe’s largest activist investor, has increased its stake in CRH to above three per cent for the first time. "As a long-term investor, we are pleased to be abl...
India Cements sees investors increase stake
The Damani family, one of India’s wealthiest, further increased their stake in India Cements from 11.98 per cent to 16 per cent through open market transactions on 16 March. Thi...
Huaxin Cement plans share buy-back scheme
China’s Huaxin Cement has announced its intention to buy back company shares worth around CNY100-125m (US$14.21-17.76m) within the next 12 months. The company also stated its pl...
PPC to consider buying remaining stake in Cimerwa
Cimerwa's main shareholder, Pretoria Portland Cement Co (PPC), is considering buying the shares in Cimerwa that are currently held by the Rwandan government and minority shareho...
Transaction of major stake in Dandot Cement is completed
Dandot Cement Co Ltd has informed Pakistan Stock Exchange (PSX) that Calicom Industries has acquired 63,542,787 shares of the company. Earlier, the company had reported that it ...
CRH completes fourth phase of share buyback
CRH plc has completed the fourth phase of its share buyback programme, returning a further EUR200m of cash to shareholders, according to a press release. Between 2 January and 2...