Cement News tagged under: takeover
Emami Cement sale is completed by Nuvoco Corp15 July 2020, Published under Cement NewsEmami Ltd said on Tuesday that the group has completed sale of Emami Cement to Nuvoco Corp Ltd for an enterprise value of INR55bn (US$724.83m). “The deal was completed with the transfer of 100 per cent shares of Emami Cement shares to Nuvoco Corporation Ltd (NVCL) by Emami Group today,” it said in a stock market notification. Emami Cement has a production capacity of 6.8Mta as well as a 2.5Mta plant under construction in Kalinganagar, India. |
Competition Commission to hold public consultation on Ohorongo Cement sale10 July 2020, Published under Cement NewsThe Namibia Competition Commission has advised that members of the public can contribute their views on the proposed sale of Ohorongo to West China Cement. Members of the public will be invited to a conference on the matter as the acquisition is likely to create a monopoly in the cement industry in Namibia, as West China Cement also has a majority stake ion Cheetah Cement which is the sole competitor to Ohorongho Cement. The commissions is also concerned that Namibian employees at Ohorongo... |
LafargeHolcim's takeover of Somaco to be investigated27 August 2019, Published under Cement NewsRomania's competition authority is to analyse LafargeHolcim's acquisition of Romanian precast concrete producer Somaco. LafargeHolcim had signed an agreement in July with Romanian-based Oresa for the acquisition of Somaco. LafargeHolcim wants to develop its ready-mix and aggregates business in Romania and Somaco owns five precast concrete plants and one aerated block company. Somaco reported net sales of EUR56m in 2018. If the Competition Council is satisfied that the multinational... |
HL Cement (Malaysia) extends closing date for takeover09 July 2019, Published under Cement NewsHL Cement (Malaysia) Sdn Bhd (Hong Leong Group) has extended its takeover offer for the remaining shares in Tasek Corp Bhd to 22 July 2019. HL Cement (Malaysia) said the conditions of the takeover remained the same at MYR5.50/share and MYR5.50 per preference share. HL Cement owned 97.887m shares or 80.8 per cent in Tasek Corp Bhd on 18 June when the takeover offer was made, and on 5 July it owned 103.02m shares or 85.04 per cent. |
PT Holcim Indonesia Tbk shares rise steeply26 October 2018, Published under Cement NewsThe stock price of PT Holcim Indonesia Tbk rose steeply in trading this week. Rumours related to the divestment of shares owned by LafargeHolcim in Indonesia raised optimism in the company’s shares. According to CNBC Indonesia, Thursday, 25 October trading took the company’s share price up by 10.87 per cent to IDR1785/share (US$0.118/share). Trading volume was also quite large reaching 47.02m shares valued at IDR81.5bn. Since May speculation about the release of PT Holcim Indonesia Tbk... |
Page
1
of
1
1