Cement News tagged under: Mergers and Acquisitions
Dalmia plans merger of listed cement units27 August 2014, Published under Cement NewsIndia-based Dalmia Group is considering merging its two listed cement units, OCL India and Dalmia Bharat, according to local press reports citing sources with knowledge in the matter. Following the merger, the swap ratio wil favour shareholders of OCL India, reports India Investment News. As part of the restructuring process, Dalmia Bharat also aims to merge its unlisted subsidiary Dalmia Bharat Enterprises into itself. Private equity firm Kohlberg Kravis Roberts owns a 14.5 per cent stake... |
Shree Cement to acquire Jaiprakash grinding unit26 August 2014, Published under Cement NewsShree Cement has entered into an agreement to buy Jaiprakash Associates 1.5Mta cement grinding unit in the Panipat district of Haryana state in north India. The proposed sale is subject to approval of the lenders of Jaypee Associates and other concerned authorities. HM Bangur, managing director of Shree Cement, said he expects the due diligence process to be completed in two weeks.He told local media that a "shortage" of grinding units within the company' portfolio and projected domest... |
Mannersdorf sale draws interest26 August 2014, Published under Cement NewsThe Mannersdorf cement plant in Austria, which has been put up for sale by Lafarge ahead of its proposed merger with Holcim, has drawn interest from three notable parties, the daily WirtschaftsBlatt reports. The three potential investors are Leube, Kirchdorfer group and Mexico's Cemex, with the Mexican cement major standing the biggest chances of success, the paper claims. The Mannersdorf plant in Lower Austria has a capacity of 1.3Mta and is the country's largest cement works. It forms p... |
Orient in strategic talks to acquire 2Mta plant15 August 2014, Published under Cement NewsOrient Cement is in talks with three companies to acquire a cement plant as part of plans to triple capacity by 2020, a senior company executive has said. Deepak Ketrapal, managing director of Orient Cement, told local press that "strategic discussions“ are being held to acquire a 2Mta cement plant. The names of the companies were undisclosed. Mr Ketrapal added that Madhya Pradesh and Chhattisgarh are the prime locations. The acquisition will form part of Orient Cement’s aim to boost cap... |
Sagar in talks to buy BMM Cements, India14 August 2014, Published under Cement NewsSagar Cement is in talks to buy BMM Cements as it plans to use the proceeds from the sale of its stake in the Vicat Sagar joint venture to fund growth organically and through M&A activity. BMM Cements operates a 1Mta integrated cement works along with a 25MW captive power plant near the Tadipatri in Anantapur district of Andhra Pradesh. Sources told the Economic Times of India that a team of Sagar Cements has already inspected BMM’s manufacturing and limestone assets and the legal and t... |
CRH to sell Turkish joint venture14 August 2014, Published under Cement NewsCRH and its Turkish partner, Eren Holding AS, have hired JPMorgan Chase & Co to help sell their cement joint venture in Turkey, according to reports in the Irish Times. Sources familiar with the matter say that three potential bidders are among those shortlisted and the sale process for Denizli Cimento Sanayaii TAS could be finalised as early as October. Companies including Sabanci Holdings, Limak Holding AS and Oyak are reportedly interested in the unit in which CRH holds a 50 per cent sta... |
CVC in talks over Holcim Lafarge assets13 August 2014, Published under Cement NewsPrivate equity firm CVC is in talks with Singapore's Government Investment Corporation over possible joint bids for Holcim and Lafarge assets ahead of their planned merger, Sky News reported on Tuesday. The companies have reportedly received over 100 expressions of interest for assets they must dispose of to facilitate rapid progress of the merger, which has a deadline for completion by 1H15. A disposal committee has identified shared assets, including 23 plants in eight countries amounting... |
Adelaide Brighton downstream acquisitions, Australia07 August 2014, Published under Cement NewsAdelaide Brighton Ltd has acquired two integrated aggregates and readymix concrete businesses, one in South Australia and the second in Queensland, progressing its long-term vertical integration strategy of buying downstream construction materials businesses. In South Australia, in addition to the recently announced Penrice quarry acquisition, Adelaide Brighton has entered into a contract to purchase Direct Mix Concrete and Southern Quarries (DMC), the largest independent aggregates and... |
Lafarge & Holcim propose Brazilian divestments05 August 2014, Published under Cement NewsLafarge and Holcim have published a list of proposed asset disposals to Brazilian Competition authority CADE, as part of efforts to help win regulatory approval for their planned merger. The joint Divestment Committee has agreed to propose a package of assets from both Holcim and Lafarge which include three integrated cement plants and two grinding units (with a total cement capacity of 3.6Mta) as well as one ready-mix plant, all located in the southeastern region of Brazil. The proposed... |
Asia Cement completes Sichuan Lanfeng acquisition, China01 August 2014, Published under Cement NewsAsia Cement (China) Holdings has completed the acquisition of a 100 per cent holding in Sichuan Lanfeng Cement at a consideration of CNY968m (US$156.7m) on Wednesday. Sichuan Lanfeng becomes an indirect non-wholly-owned subsidiary of the company. The 100 per cent equity is held by Asian Cement unit Sichuan Yadong Cement. |