Cement News tagged under: shares

RSS feed

Penna Cement secures approval for IPO

04 June 2019, Published under Cement News

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 proposed IPO size is INR15.5bn (US$223.7m), with the offer comprising of fresh shares worth INR13bn and INR2.5bn of shares from the promoter, PR Cement Holdings Ltd. The company is expected to use INR10bn of the fresh net proceeds to repay or make advance payment of its debt besides using an undisclosed amount towards gene...

Cevian Capital announces stake in CRH

06 February 2019, Published under Cement News

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 strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters. The exact size of Cevian’s holding is unknown, however a stake of almost three per cent, worth around EUR600m, would be necessary t...

Nassef Sawiris reduces stake in LafargeHolcim

10 January 2019, Published under Cement News

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$67.5m), according to a report by Handelszeitung. Mr Sawiris now holds just under 21m shares in the company, representing just over three per cent. He was once the third-largest shareholder behind Thomas Schmidheiny and Belgium’s Groupe Bruxelles Lambert (GBL).

CRH launches phase three of share buy-back

21 November 2018, Published under Cement News

On 25 April 2018 CRH plc announced its intention to buy back ordinary shares of up to EUR1bn in the following 12 months. Having completed buy back phases one and two, returning EUR700m to shareholders the third buy back phase is now in operation to repurchase ordinary shares for a maximum consideration of EUR100m. The Phase 3 Programme will commence today, 20 November 2018, and will end no later than 31 December 2018. Under the terms of the Phase 3 Programme, ordinary shares will be repurc...

Buzzi Unicem continues share buyback

23 October 2018, Published under Cement News

Buzzi Unicem has announced that it acquired 1,116,000 ordinary treasury shares during the 15-19 October period. The company acquired the shares for a total consideration of EUR18,899,938 at an average price of EUR16.9. It now holds 3.085m ordinary shares and 29,290 saving shares as of 19 October, equivalent to 1.51 per cent of the issued share capital.

Buzzi Unicem begins share buyback scheme

18 September 2018, Published under Cement News

Italy’s Buzzi Unicem has announced the commencement of a share buyback programme, with the company able to repurchase up to 7m ordinary and saving shares. The plans are intended to provide the company with an instrument for liquidity investment, according to a press release. The programme will be completed within 18 months from the date at which authorisation was received on 10 May 2018 at the shareholders' meeting. The company currently owns 50,000 ordinary shares and 29,290 saving shares...

Wagners' share price rises 25% on first day

11 December 2017, Published under Cement News

Wagners had a successful opening day on the Australian Securities Exchange with shares rising by 25 per cent, according to SBS News. The new listing now has a market value of AUD549m (US$412m). Wagners is the largest independent cement manufacturer and supplier in southeast Queensland, with approximately one third of the market. The company has 450 domestic and international customers.

Federated Investors sell shares in Summit Materials Inc

18 September 2017, Published under Cement News

Federated Investors Inc PA lowered its position in Summit Materials, Inc by 65.5 per cent in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,883 shares of the construction company's stock after selling 274,734 shares during the quarter. Federated Investors Inc PA owned approximately 0.14 per cent of Summit Materials worth US$4,183,000 at the end of the most recent reporting period, reports The...

FLSmidth: large shareholder announcement

06 September 2017, Published under Cement News

FLSmidth has been informed that Novo Holdings A/S on behalf of the Novo Nordisk Foundation has reduced its holding of FLSmidth shares to a total of 5,100,000 FLSmidth & Co. A/S shares, which corresponds to 9.95 per cent of the total nominal share capital in FLSmidth & Co. A/S.

Cemex retains 9.5% of GCC

16 March 2017, Published under Cement News

Cemex SAB de CV said that some of its underwriters did not exercise their over-allotment option to acquire shares in Mexico’s Grupo Cementos de Chihuahua SAB de CV. As a result, Cemex retains a direct stake of 9.47 per cent in GCC. Originally, Cemex aimed at offloading 23 per cent of GCC but only managed to sell a stake of 15.6 per cent, equivalent to 51.75m shares at MXN95 (US$4.83)/share. This shareholding also included a green shoe option and Mexico’s market leader was expected to ...