Cement News tagged under: Sale
Sale of Loma Negra on track to be completed21 November 2024, Published under Cement NewsLoma Negra , Argentina, moves closer to a new Brazilian owner. The sale of Loma Negra has added a new chapter and seems to be more on track to completion. The Argentinean company informed, through a statement to the Buenos Aires Stock Exchange of a new extension until 16 December, of the exclusivity period to negotiate its sale to Companhia Siderurgica Nacional (CSN). After almost a year of negotiations, sources close to the operation were confident that this time it could be the definit... |
US group offers US$500m for Cementos Bío Bío21 November 2024, Published under Cement NewsChile-based Cementos Bío Bío revealed that on 29 May it received an offer from US group Mississippi Lime Co to acquire 100 per cent of the company and that the shareholders are negotiating the sale of the company. The offer, for almost US$500m, was reported in an essential fact filled with the Financial Market Commission 30 May. However, the board decided to make the information public because a shareholder of Bío Bío, Peruvian company Yura , gave an offer last week for 20 per cent of... |
Saint-Gobain signs electricity supply agreement with TotalEnergies09 October 2024, Published under Cement NewsSaint-Gobain has signed a Power Purchase Agreement (PPA) with TotalEnergies to supply renewable electricity to Saint-Gobain’s French industrial facilities. It will take effect from January 2026 for a total volume of 875GWh over a period of five years. TotalEnergies will provide Saint-Gobain with a caseload supply of electricity and guarantees of origin for that amount of power. This will all be produced by TotalEnergies’ wind and solar plants based across France. Swaroop Srinath, energy... |
Investment Fund for Developing Countries sells Power Cement stake12 September 2024, Published under Cement NewsThe Investment Fund for Developing Countries and IFU Investment Partners K/S (IIP) have decided to dispose of their combined 6.1 per cent stake in Power Cement Ltd , Pakistan. IFU Investment Partners K/S (IIP) and the Investment Fund for Developing Countries (IFU), which hold a total of 80,506,670 shares in Power Cement, have decided to dispose of the entire shareholding in the company. IFU and IIP have been shareholders in Power Cement for approximately seven years, which is a regular... |
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