Cement News tagged under: stock exchange listing

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Cementos Argos to list US business on NYSE

09 December 2021, Published under Cement News

Cementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to improve the share price for partners and optimise the capital structure. As a result, Cementos Arg...

Gulf Cement to delist from Boursa Kuwait

07 April 2020, Published under Cement News

At its ordinary general meeting, Gulf Cement Co has approved the board’s proposal to delist from Boursa Kuwait. In addition, the company will not to distribute dividends for 2019 due to the current circumstances, changes in international economics, and continuous competition in local and foreign markets, according to Mubasher. The company also reported that Kuwait’s cement sector has incurred major damages due to continuous oversupply and weakening demand, alongside the increasing pric...

BUA Cement formally lists on Nigerian Stock Exchange

10 January 2020, Published under Cement News

Nigeria’s BUA Cement has been formally listed on the country’s stock exchange with a market capitalisation of over NGN1.2trn (US$3.32bn). The listing brings a conclusion to the merger process between the BUA-owned entities, Cement Company of Northern Nigeria (CCNN) and Obu Cement Co. The listing has seen BUA Cement become the third-most capitalised stock on the Nigerian Stock Exchange. "We are coming into the market at the beginning of the year and since trading has commenced, we expect t...

Titan Group tenders Euronext and Athens Exchange listing

19 October 2018, Published under Cement News

Titan Cement company has announced that Titan Cement International has submitted a voluntary tender offer the exchange of all the ordinary shares and preference shares issued by Titan Cement Co SA with new shares of Titan Cement International SA. The purpose of this offer is to have a listing of Titan Group on Euronext Brussels, one of the European Union stock exchanges. The offer includes the proposal of a secondary listing and admission to trading of all Titan Cement International SA shar...

Taiwan Cement to list GDRs on Luxembourg stock exchange

01 August 2018, Published under Cement News

Taiwan Cement Corp said Tuesday that it has issued US$549m-worth of global depositary receipts (GDRs). 

The GDRs, issued a day earlier, are scheduled to list on the Luxembourg stock exchange on 3 August, according to Taiwan Cement.

 The proceeds from the GDR sale will be used to invest in the company's subsidiaries overseas, which will help them repay part of their loans, while the funds will also be used to improve the company's financial structure, which is expected to lower its borro...

Dangote to list in London in 2019?

09 July 2018, Published under Cement News

Dangote Cement is considering carrying out its long-planned listing of shares in London after the Nigerian presidential and parliamentary elections on 16 February 2019 and state government elections in March as it intends to expand through acquisitions, according to a report in Business Day. "We are working on it and we’ll look at it in 2019," Edwin Devakumar, group executive director at Dangote Industries, said. "We have grown to this extent mostly via greenfield investments. To grow muc...

CEO to list BUA Cement on the Nigerian Stock Exchange

05 April 2018, Published under Cement News

The founder of BUA Group, Abdulsamad Rabiu, has announced plans to list the cement sector of the company on the Nigerian Stock Exchange (NSE). Abdulsamad Rabiu, recently nominated for African CEO of the year, stated that he would list BUA Cement on the NSE as soon as it meets the necessary requirements, according to an interview on Channels Television.  "We are definitely going to list the cement business because I think we should also give others the opportunity to participate in the...

Lao Cement Co opens on Lao stock exchange

06 March 2018, Published under Cement News

Lao Cement Co has opened for trading on the Lao Securities Exchange. The company’s participation in the Lao stock market will help to boost socio-economic development, create job opportunities and help to upgrade Lao products to international standards, said Voravong Vanhkham, CEO of the securities exchange said. The demand for cement products in Laos is continually on the increase and investment in the cement company is certain to reap benefits, according to Chairman of the Loa Cement Co...

InterCement considers listing European and African operations

31 January 2018, Published under Cement News

Brazil-based InterCement Participações SA is considering listing its European and African operations to raise cash and reduce debt, Reuters reported. The company is expected to include in the listing Cimpor Cimentos de Portugal SA and mills in Cape Verde, Mozambique and South Africa, according to sources close to the matter. The transaction has been discussed with investment banks, but InterCement has not appointed financial advisors as yet. The company's controlling shareholder, ...

Algeria: Aïn Kebira receives stock exchange go-ahead

11 February 2016, Published under Cement News

Aïn Kebira, a subsidiary of Groupe Industries de Cimenterie d’Algerie (GICA), has received the approval of the Algerian Commission of Stock Exchange Organisation and Surveillance (COSOB) to list its shares on the Algiers Stock Exchange. The introduction is scheduled to take place between 1 and 30 April 2016 by means of a capital increase. A total of 11.864m new shares will be offered at a price of DZD1600 (US$15.14) per share.