Cement News tagged under: takeover

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LafargeHolcim's takeover of Somaco to be investigated

27 August 2019, Published under Cement News

Romania's competition authority is to analyse LafargeHolcim's acquisition of Romanian precast concrete producer Somaco. LafargeHolcim had signed an agreement in July with Romanian-based Oresa for the acquisition of Somaco.  LafargeHolcim wants to develop its ready-mix and aggregates business in Romania and Somaco owns five precast concrete plants and one aerated block company. Somaco reported net sales of EUR56m in 2018. If the Competition Council is satisfied that the multinational...

HL Cement (Malaysia) extends closing date for takeover

09 July 2019, Published under Cement News

HL Cement (Malaysia) Sdn Bhd (Hong Leong Group) has extended its takeover offer for the remaining shares in Tasek Corp Bhd to 22 July 2019. HL Cement (Malaysia) said the conditions of the takeover remained the same at MYR5.50/share and MYR5.50 per preference share. HL Cement owned 97.887m shares or 80.8 per cent in Tasek Corp Bhd on 18 June when the takeover offer was made, and on 5 July it owned 103.02m shares or 85.04 per cent.

PT Holcim Indonesia Tbk shares rise steeply

26 October 2018, Published under Cement News

The stock price of PT Holcim Indonesia Tbk rose steeply in trading this week. Rumours related to the divestment of shares owned by LafargeHolcim in Indonesia raised optimism in the company’s shares. According to CNBC Indonesia, Thursday, 25 October trading took the company’s share price up by 10.87 per cent to IDR1785/share (US$0.118/share). Trading volume was also quite large reaching 47.02m  shares valued at IDR81.5bn. Since May speculation about the release of PT Holcim Indonesia Tbk...