Cement News tagged under: share purchase

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Huaxin Cement plans share buy-back scheme

20 December 2019, Published under Cement News

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 plans to issue offshore bonds worth up to US$500m. 

PPC to consider buying remaining stake in Cimerwa

26 June 2019, Published under Cement News

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 shareholders. The government has set a deadline of 5 July for investors to bid for its stake in Cimerwa.

 The Rwandan government hold a 16.54 per cent share in the cement producer and PPC owns 51 per cent of the company, while the Rwanda Social Security Board (20.24 per cent), Rwanda Investment Group (11.45 per cent) and S...

Transaction of major stake in Dandot Cement is completed

30 April 2019, Published under Cement News

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 received an intention from Calicom Industries to acquire control and 63,542,787 voting shares (67 per cent of paid-up capital) of the company. The buyer is expected to invest in the modernisation of electrical equipment at its facilities. In the FY18 capacity utilisation at Dandot Cement stood at 44 per cent and...

CRH completes fourth phase of share buyback

02 April 2019, Published under Cement News

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 29 March 2019, 7.6m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 0.6 per cent to the volume weighted average price over the period. This now brings total cash returned to shareholders under the programme to approximately EUR1bn over the last 12 months...

Potential investors in Carthage Cement seek improved conditions

17 January 2019, Published under Cement News

The call for tenders for the sale of 50.52 per cent of Tunisia-based Carthage Cement attracted several investors, of which five prequalified and were asked to submit their financial offers by 7 December 2018. However, despite their clear interest, they were unable to submit a financial offer for acquisition, according to African Manager. While these investors have reiterated in writing their continued interest in reaching a deal, they have asked for an improvement in the conditions of th...

CRH completes third phase of share buyback

31 December 2018, Published under Cement News

CRH has completed the third phase of its share buyback  programme .  Between 27 November and 21 December 2018, 4.1m ordinary shares were repurchased on the London Stock Exchange, bringing total cash returned to shareholders under the ongoing EUR1bn share buyback  programme  to EUR800m.   The company also announced that it has entered into  arrangements with UBS AG, London Branch (“UBS”) to repurchase ordinary shares on CRH’s behalf for a maximum consideration of EUR...

Cemex begins share repurchase programme

29 November 2018, Published under Cement News

Cemex has begun its share repurchase programme, approved at its ordinary shareholders’ meeting for up to US$500m. "We are pleased to initiate our share buyback programme, which is one of the capital allocation options we have to create value for our shareholders," said Fernando A González, CEO. The company repurchased 7m CPOs on 27 November. The total amount of the repurchase, including commissions and VAT, was MXN65.9m (US$3.2m).

Buzzi Unicem announces share purchase

02 October 2018, Published under Cement News

Following the commencement of its share buyback scheme, Buzzi Unicem has announced that it acquired 244,100 ordinary shares in the 24-28 September period. The company purchased the shares for a total consideration of EUR4.495m (US$5.2m) at an average price of EUR18.41. As of 28 September, the company now holds 297,600 ordinary shares and 29,290 saving shares, equal to 0.16 per cent of the issued share capital.

Invesa to consolidate Bío Bío majority

18 December 2017, Published under Cement News

Chile’s Inversiones y Desarollos (Invesa) officially launched a public offer to acquire 54,208,259 shares in Cementos Bío Bío. In November Invesa acquired a 13.1 per cent stake in the cement producer from Brazil-based Votorantim for around US$46m, increasing its total share to 39.51 per cent. Taking into account the shares held by other Invesa businesses, the group would raise its stake in Cementos Bío Bío to 79.48 per cent. Including the public offer, Invesa will have spent a tot...

Belarus government increases stake in three cement producers

29 September 2017, Published under Cement News

The Council of Ministers in Belarus has issued a directive providing for an increase in the government’s stake in three cement producers. The government will raise its stakes in Belarussian Cement Plant in Kastsyukovichy and Krychawtsementnashyfer in Krychaw, which are both in the Mahilyow region, as well as Krasnaselskbudmateryyaly in the Vawkavysk district, Hrodna region, according to Belapan news service. The increase will equal the amount of financial support provided to the companies...