Shree Cement acquires 98% stake in UCC
Shree Cement has completed the acquisition of a 97.6 per cent stake in the UAE’s Union Cement Co (UCC). The deal was struck through the company’s wholly-owned subsidiary, Shree ...
Union Cement Company
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Shree breaks into its first international market
This week, Shree Cement made a bold move to buy a 93 per cent stake in Union Cement Co PSC (UCC) for an enterprise value of US$305.24m. It is a major transaction for the Indian ...
Shree Cement to acquire 93% stake in Union Cement
Shree Cement Ltd announced on Thursday that it had agreed to acquire a 92.83 per cent stake in Union Cement Co PSC, for an enterprise value of US$305.24m, according to the Hindu...
UAE: Union Cement Co 1H profit declines 8%
Union Cement Co (UCC) reported an eight per cent decline in its profits for the first six months of 2015 to AED54.7m (US$14.89m), compared to AED59.4m (US$16.16m) in H1-14, the ...
UCC first-half net profit surges, UAE
Union Cement Company (UCC) net profit surged 181 per cent to AED59.4m (US$988,165) in the first half of 2014 compared to AED21.15m in 1H13. In its statement to the Abu Dhabi Sec...
Union Cement first quarter net profit jumps, UAE
Union Cement Co posted a AED18.2m (US$5m) profit for the first quarter of 2014, a 220 per cent increase compared with AED18.2m a year earlier. Revenues for the first quarter dec...
Union Cement Company reverses loss, UAE
Union Cement Company, reported a rise in its net profit for the first six months of 2012 of US$5.6m, reversing the US$2.4m loss reported in 2011.