Uzbek government plans to sell Sherobod Cement
Uzbekistan’s government is planning to sell a 100 per cent stake in Sherobod Cement Plant LLC on the domestic and international markets, following a presidential decree to boost...
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Tianrui stock crash linked to margin call
The 99 per cent drop in the stock of China Tianrui Group Cement Co last week triggered a margin call for a major shareholder and wiped out nearly all of its market value. About ...
China Tianrui Group Cement shares drop 99%
China Tianrui Group Cement Co Ltd shares fell 99 per cent to around HKD0.05 (US$0.006) on 9 April, pushing its market capitalisation to HKD141m. About 281m, a third of the compa...
Nuvoco Vistas Corp sees lukewarm bourse start
India-based cement producer Nuvoco Vistas Corp entered the bourses with a weak start as its shares were listed at up to 17 per cent discount to its issue price. However, by the ...
Gulf Cement receives approval to withdraw from Boursa Kuwait
UAE-based Gulf Cement Co, once dually listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), has obtained approval from Kuwait’s Capital Markets Authority to withd...
Cemex España seeks authorisation for Cemex Latam public offering
Cemex España has requested the authorisation of the Financial Superintendency of Colombia (SFC) to begin a public offering of every ordinary and outstanding share of Cemex Latam...
CIMERWA set to list shares on stock exchange
Rwandan cement producer CIMERWA is set to list its shares on the Rwandan Stock Exchange on 3 August, the company said in a press statement. Each share is trading at RWF120 (US¢1...
Penna Cement secures approval for IPO
India’s Penna Cement Industries Ltd has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company’s propose...
Cevian Capital announces stake in CRH
Europe's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor. "The group has many stron...
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...