Emami Cement receives approval for IPO
Emami Cement Ltd has received approval from the Securities and Exchange Board of India for an IPO, which could raise INR10bn (US$143.56m), according to the Business Standard. Th...
Share Sale
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Nassef Sawiris reduces stake in LafargeHolcim
One of LafargeHolcim’s biggest shareholders, Nassef Sawiris, reduced his stake in the company by nearly 1.6m shares in December 2018. The shares had a value of over CHF66m (US$6...
EBRD sells its stake in Holcim Azerbaijan
The European Bank for Reconstruction and Development (EBRD) has sold its 10 per cent stake in Holcim Azerbaijan to LafargeHolcim. Therefore, the company’s share in Holcim Azerba...
Shivam Cement first cement producer to IPO in Nepal
Shivam Cement Ltd is set to issue 5,280,000 units in an initial public offering (IPO) at premium prices after the company received approval from the Securities Board of Nepal (S...
China Resources Cement plans share sale
China Resources Cement Holdings Ltd has announced that it plans to sell HKD4.19bn (US$533.98m) of new shares to its controlling shareholder, CRH Ltd, to raise capital for busine...
Star Cement sells 3% stake through open market transactions
Star Cement has sold a 3.34 per cent stake in the company worth INR1.82bn (US$28.5m), according to Money Control. The sale was made through open market transactions by three pro...
China: Shanshui Cement to raise HK$456m from placing
Shanshui Cement announced that it has entered into a placement agreement, proposing the placing of 910-950m new shares at a price not less than HK$0.5/share. This placing price ...
Cemex IPO values Philippines subsidiary at US$536m
Cemex has today announced that it will price shares in its subsidiary, Cemex Holding Philippines, at PHP10.75 (US$0.23), valuing the operation at around US$536m.
Summit Materials in line for cement IPO?
Summit Materials LLC, which is co-founded by Blackstone Group LP, is preparing an initial public offering (IPO) this year as concrete deals intensify, according to sources quote...