Cement News tagged under: Divestments
Holcim to sell Siam City Cement stake, Thailand24 February 2015, Published under Cement NewsSiam City Cement PCL (SCCC), Thailand's second-largest cement maker, said on Monday Holcim has decided to sell its 27.5 per cent stake in the company. SCCC said in a statement that Thai Roc-Cem Ltd, Holcim's indirect wholly-owned subsidiary, will sell 63.29 million shares of SCCC, but Holcim gave no details about the divestment or when the sale would be finalised. At the end of 2012, Holcim reduced its stake in SCCC from 36.8 to 27.5 per cent. The shares were purchased by Bangkok Broadcast... |
FLSmidth concludes Cembrit sale02 February 2015, Published under Cement NewsFLSmidth has now successfully closed the divestment of Cembrit to Solix Group AB, to sell all shares in Cembrit Holding A/S at a price of DKK1.1bn (enterprise value on a debt-free basis). Cembrit is one of the leading distributors and manufacturers of fibre-cement products in Europe. The deal was initially announced in mid-January 2015 and concludes FLSmidth's divestment of building materials companies. |
CRH withdraws from aerated concrete in Poland30 January 2015, Published under Cement NewsThe Polish CRH subsidiary Grupa Ozarow has now received Polish competition authority approval to sell its aerated concrete subsidiary Grupa Prefabet SA to the Danish aerated concrete producer H+H International. The deal values Grupa Prefabet at just over €14m and the move is aimed at reducing the fragmentation in the highly competitive Polish aerated concrete market. |
Blackstone, CVC reportedly among bidders for Lafarge and Holcim assets15 January 2015, Published under Cement NewsGroups led by Blackstone Group LP and CVC Capital Partners Ltd have submitted bids for assets put up for sale by Lafarge and Holcim, according to reports by Bloomberg citing people familiar with the matter. Blackstone teamed up with Cinven Ltd and Canada Pension Plan Investment Board, while CVC made a bid with Singapore’s sovereign-wealth fund GIC, the undisclosed sources said. CRH, the Dublin-based building-materials company, is also reported to be among those who have submitted bids for... |
FLSmidth sells Cembrit Holding A/S13 January 2015, Published under Cement NewsFLSmidth has signed an agreement with a company in the Solix Group AB to sell all shares in Cembrit Holding A/S, one of the leading distributors and manufacturers of fibre-cement products in Europe, for DKK1.1bn (EUR147.9m). The sale of Cembrit concludes FLSmidth's divestment of building materials companies, a process that started 10 years ago by the divestment of Aalborg Portland and Unicon. The buyer of Cembrit is a consortium of investors headed by Solix Group AB. Solix' strategy ... |
CRH announces 2014 acquisition spend of EUR0.19bn08 January 2015, Published under Cement NewsCRH announced a total 2014 acquisition and investment spend of EUR0.19bn, reflecting the completion of 21 transactions. On the divestment front, the group undertook 16 transactions and realised total disposal proceeds of EUR0.35bn. Commenting on these developments, Albert Manifold, CRH Chief Executive, said: “In August 2014 we announced a multi-year EUR1.5 billion to EUR2 billion divestment programme; the proceeds of EUR0.35bn generated in 2014 demonstrate that this programme is well underw... |
Further disposals on the cards for Jaiprakash?30 December 2014, Published under Cement NewsJaiprakash Associates Ltd may divest of two further cement units, channel checks by Mumbai broker Prabhudas Lilladher indicate. The two units reported to go on the block are Jaiprakash's 5Mta plant in the northern Indian state of Himachal Pradesh and the 2.2Mta works in Bhilai in the eastern state of Chhattisgarh. "We believe that exit of JPA (Jaiprakash) would be positive for the sector with the revival of rational pricing and sensible capacity addition," the research house said. Last... |
Vietnam government prepares to divest Sai Son stake30 December 2014, Published under Cement NewsState Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, is shortly due to sell its 3.2 million share holding in Sai Son Cement JSC (SCJ). The move is expected to take place within a month from 31 December 2014 as SCIC aims to fully divest of its 16.44 per cent stake in the cement producer. The share sale is part of SCIC’s plan to exit from 376 companies by the end of 2015 to cut its portfolio to 100. |
SCIC plans to divest in Sai Son Cement holding22 December 2014, Published under Cement NewsState Capital Investment Corporation (SCIC), the Vietnamese government’s investment arm, plans to sell its entire 3.2 million shares, equal to 16.44 per cent stake of Sai Son Cement JSC (SCJ). The initial price is set at VND14,300 ($0.67) each, 40.2 per cent higher than its market price of VND10,200/share on Monday, but below SCJ’s book value of VND14,650 as of 30 September. SCIC has divested from Nghe An Bus Station JSC (NBS), Cuu Long Pharmaceutical JSC (DCL), Dien Quang JSC (DQC), Ag... |
Holcim expects to select buyers for assets by end-Jan19 November 2014, Published under Cement NewsHolcim said it expects to have found buyers for the cement plants and other operations linked to its tie-up with Lafarge by the end of January, and that the merger is on course to be completed by the middle of next year as planned. "We expect the final bids somewhere in January 2015," Bernard Fontana, chief executive of Holcim said at the company's investor day on Tuesday, adding that Holcim also hoped to select buyers for the assets the same month. "All this is consistent with an over... |