Cement News tagged under: Mergers and Acquisitions
Summit Materials completes acquisition of Lafarge North America assets21 July 2015, Published under Cement NewsUS-based construction materials company Summit Materials, Inc has completed its previously announced acquisition of a 1.2Mst cement plant in Davenport, Iowa along with seven cement distribution terminals from Lafarge North America Inc. unit for a purchase price of US$450m in cash, plus an exchange of Summit’s Bettendorf, Iowa cement distribution terminal, the company said on Monday. The newly-acquired cement operations are a complementary fit with Summit’s existing cement plant in Hannibal,... |
LafargeHolcim buys out 50% interest in Lafarge Tarmac as part of divestment process17 July 2015, Published under Cement NewsAs part of the preliminary steps to implement the disposals required by the European Commission for its approval of the merger to create LafargeHolcim and as previously announced, the group today completed the acquisition of the 50 per cent share in Lafarge Tarmac held by Anglo American for GBP992m (including changes in working capital). This step is required to allow for the full divestment of Lafarge Tarmac, with the exception of the Cauldon and Cookstown plants and certain non-operationa... |
Lafarge China launches tender offer for Shuangma Cement17 July 2015, Published under Cement NewsSichuan Shuangma Cement said its controlling shareholder Lafarge China plans to launch a tender offer for its shares from other shareholders except Lafarge Shui On (Sichuan) Investment for CNY5.64 each, or CNY1.07bn in total. The tender offer is triggered by the merger between Lafarge and Holcim and is pending relevant approval. |
LafargeHolcim officially launched around the world15 July 2015, Published under Cement NewsLafargeHolcim today officially launches the new Group around the world and announces key elements of its ambitions for the future. Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new Group will now work towards creating the highest performing company in the building materials industry, the company said in a statement. LafargeHolcim CEO Eric Olsen says: “Now as LafargeHolcim, we will step... |
Holcim and Lafarge complete global merger13 July 2015, Published under Cement NewsHolcim Ltd and Lafarge SA on Friday completed their global merger and have launched LafargeHolcim, a world leader in the building materials industry. All conditions for the completion of the merger have been fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders. Holcim’s shareholders had previously approved the merger-related resolutions at an Extraordinary General Meeting on 8 May 2015. With the completion... |
Holcim Philippines to make offer for local assets of Lafarge13 July 2015, Published under Cement NewsHolcim Philippines will make an offer to acquire the assets of Lafarge Group in the Philippines as part of the merger process between the two cement majors. In a disclosure to the Philippine Stock Exchange (PSE), the local unit of Swiss firm Holcim Ltd. said it has been given the green light by its board of directors to make an offer for the France-based assets of the Lafarge Group. Specifically, Holcim has been authoriszed to “make an offer for, and should the offer be accepted, to pr... |
LH merger: final results of public exchange offer10 July 2015, Published under Cement NewsFrance's Financial Market Authority published the final results of the public exchange offer initiated by Holcim Ltd for the shares of Lafarge SA. Following the settlement-delivery of the offer expected to occur on 10 July 2015, Holcim Ltd will hold 252,230,673 Lafarge SA shares representing 87.46 per cent of the share capital and at least 83.94 per cent of the voting rights of Lafarge SA based on the total number of shares outstanding as of 8 July 2015. In accordance with the AMF general ... |
DBN set for bigger stake in Ohorongo, Namibia10 July 2015, Published under Cement NewsThe Development Bank of Namibia (DNB) is set to increase its stake in Ohorongo Cement this month, according to a report by AllAfrica news citing officials working on the new shareholding structure. Foreign minority shareholders Development Bank of Southern Africa (which owns a 7.3 per cent stake and IDC of South Africa (which owns 20 per cent) are in the process of selling their shares to Namibian institutional investors such as pension funds. Schwenk Zement KG of Germany is the majority sh... |
Holcim's public exchange offer for shares of Lafarge completed successfully08 July 2015, Published under Cement NewsThe public exchange offer made by Holcim Ltd for Lafarge SA has been successful, bringing the merger of the world's two largest cement majors close to completion. The French market watchdog, Autorité des marchés financiers (AMF), said as of 7 July 2015, a total of 252,230,673 shares representing 87.46 per cent of Lafarge's share capital, and at least 81.47 per cent of voting rights of Lafarge SA, has been offered by shareholders fulfilling the conditions for the merger to go ahead. The succ... |
Sika acquires full control of Buzzi joint venture02 July 2015, Published under Cement NewsSika AG acquired the remaining shares of the Italian-based Addiment Italia from its joint venture partner Buzzi Unicem. The company is active in the production and sale of concrete admixtures and cement grinding aids. The transaction will strengthen Sika's production set up in Italy and increase its market presence. Addiment Italia generated sales of EUR14m in 2014. Addiment Italia has a history of over 25 years of experience in the construction market offering a broad range of concrete ad... |