Cement News tagged under: stake
India Cements sees investors increase stake17 March 2020, Published under Cement NewsThe Damani family, one of India’s wealthiest, further increased their stake in India Cements from 11.98 per cent to 16 per cent through open market transactions on 16 March. This follows the family boosting their stake from 7.27 per cent to 11.98 per cent on 26 February 2020. |
Titan buys back IFC minority stake in SE Europe/Egypt units22 November 2019, Published under Cement NewsGreece-based Titan said that its board of directors has approved the acquisition of the minority stakes held by the International Finance Corp in its units in Egypt and four countries of southeastern Europe for EUR81.8m. “This transaction will conclude Titan’s successful cooperation with IFC gradually established since 2008 in Albania, Egypt, Serbia, North Macedonia, and Kosovo,” the group said. The agreement is subject to fulfilment of conditions precedent, Titan said, adding that its p... |
Cevian Capital announces stake in CRH06 February 2019, Published under Cement NewsEurope'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... |
Canada: Quebec state investment fund to take controlling stake in McInnis12 August 2016, Published under Cement NewsThe Caisse de Dépôt et Placement du Québec has agreed to plans to inject an additional CAD250m (US$193m) into McInnis’s Port-Daniel integrated plant project under a deal which sees the state investment fund take a controlling interest in Beaudier Ciment, McInnis’s majority shareholder. Reuters quotes a spokesperson for the Caisse as stating that the project faced cost overruns of up to CAD500m (US$386m) and for this reason the fund had insisted on a "change of control and a change in mana... |
Vietnam: government to sell Vicem stakes04 July 2016, Published under Cement NewsAccording to a local news source, the Ministry of Construction is set to divest its stakes in Vicem through an initial public offering in 4Q16. Cement producer Vicem currently control 34 per cent of the local market. At the end of last year the company announced on its website that the share sale would pare the state holding to a minimum of 51 per cent. Investors from Thailand and Indonesia have expressed their interest in acquiring the stakes in Vicem. However, foreign investors will be ... |
Shriram EPC to raise INR4bn for cement works25 September 2012, Published under Cement NewsIndia-based Construction and engineering company Shriram EPC Ltd expects overseas private equity investors to pick up a 30-35 per cent stake in Shree Satyajyothi Cements in the next three months, according to reports in Livemint. Shriram EPC holds a 70 per cent stake in the Andhra Pradesh-based Shree Satyajyothi Cements and plans to sell its stake to raise INR4bn for a captive power plant, help the company’s cashflow and to provide some liquidity to the erstwhile promotors. “It is a wr... |
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