Cement News tagged under: Lafarge
CRH confirms discussions over Lafarge and Holcim assets23 January 2015, Published under Cement NewsCRH has confirmed that it is in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of by the two companies in advance of their proposed merger. “While there can be no certainty that these discussions will result in a transaction, if an acquisition was to proceed, it is likely that it would be funded through a combination of existing cash balances, debt and an equity placing,” CRH said in a statement released yesterday. “At this stage ... |
RHI wins order at Lafarge Exshaw works22 January 2015, Published under Cement NewsAustrian refractory materials maker RHI AG has been awarded a supply contract for around EUR10m from Lafarge for its plant in Exshaw, western Canada. Under the contract, RHI will deliver material for the expansion of the plant. |
Lafarge to buy back Baring stake in Indian unit21 January 2015, Published under Cement NewsLafarge India is reportedly buying back the 14.03 per cent stake it sold to global private equity investor Baring Private Equity Asia in 2013. Through its wholly-owned subsidiary Paris Cement Investment Holdings, Barings Asia acquired a 14.03 per cent stake in Lafarge India for EUR200m. According to local press reports, the share agreement with the PE fund is said to have a clause which triggers a buyback case in case there is any change in the shareholding structure. With Lafarge and Holc... |
CCI decision on Lafarge and Holcim merger due ‘within a month’20 January 2015, Published under Cement NewsThe Competition Commission of India (CCI) will soon decide on the proposed merger between Lafarge and Holcim, the Economic Times (India) cited CCI chairman, Ashok Chawla, as saying. "The final order on the case should be out within a month," Mr Chawla said. In December the cement producers said in India, both companies “are well on track” in preparing the merger with the future structure for this part of the world. Sources told the ET that the CCI is likely to prescribe a structural remed... |
Egypt: Supreme Administrative Court suspends privatisation appeal20 January 2015, Published under Cement NewsThe Supreme Administrative Court has decided to halt proceedings looking into the appeal against the privatisation of Egypt-based Beni Suef Cement Company. The court has ordered that workers are reinstated to the company but has temporarily suspended looking into the privatisation appeal. The suspension is pending another court decision in a case questioning the constitutionality of a law issued last year, which bans third parties from challenging sales or investment contracts signed betw... |
Holcim remains committed to Lafarge merger despite SNB move16 January 2015, Published under Cement NewsHolcim said it remained committed to a planned merger with Lafarge despite a move by the Swiss National Bank (SNB) that knocked almost CHF3bn (US$3.45bn) off the Swiss company's market value. In a surprise move, the SNB said on Thursday it would abandon the 1.20 per euro cap on the franc, sparking a near 30 per cent surge in the franc against the European currency and triggering a bout of equity market turbulence. Speaking to Reuters, Holcim declined to comment on the SNB's move or its sha... |
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... |
UltraTech to not bid for Lafarge/Holcim assets13 January 2015, Published under Cement NewsUltraTech has pulled out of the race to buy cement assets up for sale as Lafarge and Holcim’s proposed merger, the Indian cement major confirmed to local press. An UltraTech spokesperson told ET Now that the company has not participated in the final round of bidding. The company had reportedly previously expressed an interest in buying assets in Brazil and Philippines and had placed a bid in the first round. The due diligence process had been conducted for assets worth around US$2bn b... |
Stronger markets in 2015?09 January 2015, Published under Cement NewsWhat does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative recovery in world consumption in spite of a significant slowdown in China, according to new analysis published in International Cement Review. Morgan Stanley expects global cement demand, inclusive of China, to rise to 2.8 per cent in 2015, marginally up from the 2.5 per cent growth recorded in 2014, which was the ... |
LH merger markets07 January 2015, Published under Cement NewsThe proposed merger of Lafarge and Holcim will see the divestment of assets by both companies in up to 15 markets to satisfy market regulators. In this article, the future cement consumption level for each of these markets is presented in a set of forecasts especially commissioned by ICR. By Rob Roy, ROI Economic Consulting, USA. Lafarge-Holcim merger countries selected for this market forecast With Lafarge and Holcim operating cement plants throughout the world and frequently s... |