Cement News tagged under: Holcim India Private Ltd
Frederic Guimbal appointed CEO of Holcim Azerbaijan OJSC29 November 2017, Published under Cement NewsFrederic Guimbal has been appointed CEO of Holcim Azerbaijan OJSC, according to the company’s website. Mr Guimbal replaces Rossen Papazov in this role, effective from the start of October 2017. Frederic Guimbal previously worked as the managing director of Holcim India. Holcim Azerbaijan has approximately 40 per cent of the cement market share in the country, according to Trend News Agency. |
India: ACC lined up to buy into two cement joint ventures24 March 2014, Published under Cement NewsACC (Holcim) is likely to buy Jaypee Group 74 per cent stake in two separate cement joint ventures with state-owned steel maker Steel Authority of India Ltd, according to the Business Standard. The two joint ventures are located at Bhilai (Chhattisgarh) and Bokaro (Jharkhand) with a total capacity of just over 4Mta. Jaypee Group has been struggling with debts and has been in talks with ACC to hive off some assets. In a BSE filing, Jaypee Group said its Board would meet "to consider stake ... |
India: Ambuja wins approval for Holcim restructuring22 November 2013, Published under Cement NewsAmbuja Cements Ltd announced on Thursday that it had received shareholders' approval to buy a 24 per cent stake in Holcim (India) Pvt. Ltd from Holderind International for INR350,000m (US$556m) as well as the amalgamation of Holcim (India). The restructuring has been criticised by some investors and local shareholder-advisory firms for favouring the parent. Another round of voting will take place at Ambuja Cements' extraordinary general meeting (EGM) at Gir Somnath in Gujarat, as well as a... |
Holcim's India's rejig plan receives FII support20 November 2013, Published under Cement NewsHolcim may have won minority shareholder support for its restructuring plans in India on strong backing from foreign institutional investors (FII) who control just over 30 per cent of its subsidiary, Ambuja Cements. According to analysts, the FII includes some 359 foreign portfolio investors, which is expected to be sufficient to overcome opposition from domestic institutional investors including LIC, the largest institutional shareholder with a 6.1 per cent stake. But state-owned insure... |
Holcim gets FIPB approval for India restructure14 November 2013, Published under Cement NewsHolcim has received approval from the Foreign Investment Promotion Board (FIPB) of India to merge Holcim India Private Ltd (HIPL) with Ambuja Cements as part of plans to streamline its operations there. Holcim, which holds majority stakes in ACC and Ambuja Cements, announced plans in July to consolidate operations. In a two stage deal, Ambuja will first acquire a 24 per cent stake in HIPL for a cash consideration of INR35,000m (US$~600m), followed by a stock merger between HIPL and Ambuja.... |
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