Cement News tagged under: share purchase

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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...

Kuwait Portland Cement chairman buys 1.46m shares

12 September 2017, Published under Cement News

The chairman of Kuwait Portland Cement, Khaled Al Sager, has purchased 1.46m of the company’s shares on Wednesday, 6 September. The total value of the purchased stake stood at KWD1.42m (US$4.71m) or 970 fils per share. Portland Cement’s capital stands at KWD10.02m, which is distributed on 100.2m shares. Kuwait Portland Cement Company is the third and final player on the Kuwaiti cement market with a 1Mta integrated plant in Shuwaikh.

India: LafargeHolcim increases stake in Ambuja and ACC

16 November 2016, Published under Cement News

LafargeHolcim has increased its shareholding in Ambuja Cement through the purchase of an additional 39.1m shares, increasing the Franco-Swiss firm’s stake by 1.49 per cent to 63.1 per cent. LafargeHolcim also increased its stake in ACC – since mid-2016 a subsidiary of Ambuja – with the purchase of 7.9m shares, taking its stake to 4.5 per cent. The cost of the two purchases amounts to CHF325m (US$324m). 

Italcementi shares to cease trading

07 October 2016, Published under Cement News

Shares in Italcementi will be removed from the Milan stock exchange next Wednesday after the conclusion of HeidelbergCement’s takeover, Il Sole 24 Ore reports. Heidelberg has now amassed a stake of more than 96 per cent in Italcementi, giving the German firm the right to purchase the outstanding shares.

Semen Indonesia to spend up to IDR1trn on buy-back

26 August 2015, Published under Cement News

Semen Indonesia said it plans to buy back up to IDR1trn (US$70.85m) of its shares as their market value has fallen. "In the near future we will do buy-back because we don't want to lose the momentum," Ahyanizzaman, finance director at Semen Indonesia, told Reuters on Wednesday, adding that the company has yet to appoint the broker that will conduct the buyback. Shares of the cement maker have fallen by more than 50 per cent this year on a slowing Indonesian economy and rising competition. ...

IL&FS Trust Co ups stake in India’s Deccan Cement

21 November 2012, Published under Cement News

Deccan Cement reported that IL&FS Trust Company increased its stake in the Indian cement producer by 2.01% to 19.82%.  The transaction, understood to have taken place between February and November, added 1.4 lakh shares to the 1,247,000 shares already owned by IL&FS Trust Company.