Cement News tagged under: divestment
Heidelberg's European bet22 October 2015, Published under Cement NewsFollowing the completion of the LafargeHolcim merger in mid-July, less than a fortnight later, HeidelbergCement announced its intention to buy Italcementi. The acquisition would consolidate HeidelbergCement’s no 2 position in the cement industry and regain its market leadership in the aggregates sector. ICR examines the drivers behind this latest M&A activity in the cement industry. With the Italcementi acquisition, HeidelbergCement takes a punt at the forecast Mediterranean recovery ... |
Italcementi01 October 2015, Published under Cement NewsItalcementi has sold its 5.24 per cent stake in West China Cement for HKD341m (EUR38.5m). The stake had been held through CimFra (Chine) Ltd. |
Cemex02 September 2015, Published under Cement NewsCemex has agreed two separate disposals of operations in Austria and Hungary to the Rohrdorfer Group. It is anticipated that these deals will be concluded during 4Q15. Firstly, it will receive EUR160.1m from subsidiaries of Südbayerisches Portland-Zementwerk Gebr Wiesböck & Co GmbH, Rohrdorf, for 24 sand and gravel plants and 34 ready-mixed concrete batching plants in Austria as well as five sand and gravel plants, 34 ready-mixed concrete batching plants and four road stone plants in Hung... |
Anhui Conch Cement Co18 August 2015, Published under Cement NewsAnhui Conch has reportedly sold its shares in two Chinese cement producers – Xinjiang Qingsong Building Materials and Chemicals Group and Tangshen Jidong Cement Co. The disposals, believed to have taken place during April-June this year, realised a net profit of US$217m. The news comes as Xinjiang Qingsong predicted a 55 per cent YoY fall in its net profit to shareholders. Based in Aksu, the company sells cement, cement products, chemical products and building materials primarily in the X... |
Buzzi Unicem03 August 2015, Published under Cement NewsBuzzi Unicem is selling the remaining 50 per cent of cement additives group Addiment Italia to its joint venture partner Sika AG, which had been its partner since 2003. |
Holcim02 April 2015, Published under Cement NewsHolcim has sold its remaining 27.5 per cent stake in Siam City Cement for CHF655m (EUR624m) in a share placement that will yield a CHF465m (EUR348m) profit. A 24.9 per cent stake went to a member of the Hong Kong-based Jardine Matheson group and the remaining shares were places with institutional investors. Siam City Cement has a cement capacity of 14.5Mta at its Saraburi works, which employs in excess of 4000 people. Following opposition from the shareholders of the more profitable Holci... |
CRH02 February 2015, Published under Cement NewsCRH spent around EUR190m on 21 acquisitions during 2014 and raised some EUR350m from 16 disposals during the course of 2014. The biggest deal was the divestment in November of the 50 per cent interest in Denizili Çimentok to Oyak, which raised EUR170m. A number of ready-mixed concrete and concrete products plants were sold as were some property assets in six disposals. The total raised was some EUR240m. In North America, EUR110m was raised from the sale of nine investments and an asset ex... |
Lafarge02 February 2015, Published under Cement NewsLafarge is negotiating with CRH to sell of its assets in Germany and certain assets in the United Kingdom, the Philippines, Brazil and Réunion. |
Holcim02 February 2015, Published under Cement NewsHolcim completed the purchase of Cemex’ cement and aggregates assets in western Germany along with 59 batching plants in Germany and a further six in The Netherlands, while disposing of its activities in the Czech Republic and two of its Spanish cement works. Holcim is negotiating to sell most of its assets in France and all of its assets in Slovakia, Hungary, Serbia and Canada as well as certain assets in Brazil and the Trident cement works in Montana and certain terminals in the Great L... |
CRH06 January 2015, Published under Cement NewsCRH has agreed the sale of its clay and concrete activities in Great Britain and its Glen Gery clay operations in the USA for GBP414m (EUR522m) to Bain Capital Europe, while retaining property assets valued at around EUR38m. The most important British business is Ibstock, the others being Forticrete and Supreme Concrete. It can be assumed that CRH is aiming to invest the proceeds in some of the operations coming up for sale as a result of the Holcim purchase of Lafarge. |