Sajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim’s Indian cement operations, said people aware of the matter. Holcim Group, the...
Investigate Jaiprakash Associates: SAIL to NCLT
(SAIL) has called for an investigation into the affairs of Jaiprakash Associates in a suit filed at the National Company Law Tribunal (NCLT) where it has accused the Jaypee Group flagship company of irregularities at a...
Holcim Considers Sale Of India’s $9.6 Billion Ambuja Cements
Holcim Ltd., the world’s biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements Ltd., according to people familiar with the matter. The Swiss giant is gauging interest in...
HeidelbergCement buys 45% of construction software firm Command Alkon
HeidelbergCement, the world’s second-largest cement maker, said on Tuesday it has taken a 45% stake in U.S.-based Command Alkon, which provides software and technology needed to manage construction materials’ supply...
Holcim to sell Brazilian business to CSN in $1 billion deal
Holcim has agreed to sell its business in Brazil to Companhia Siderúrgica Nacional (CSN) for an enterprise value of $1.025 billion, a move the world’s largest cement maker said would help shift its focus. Holcim is...
Brazilian cement makers CSN, Apodi, Mizu, Votorantim, Intercement bid for LafargeHolcim assets -sources
Brazilian cement makers CSN Cimentos, a subsidiary of steelmaker CSN SA; Cimentos Mizu; and Cimento Apodi, in which Titan Cement International has a stake, are among the bidders for assets LafargeHolcim Ltd has put up...
JSW Cement raises Rs1,500 crore from global PE Investors
JSW Cement, part of the $13 billion JSW Group, has entered into definitive agreements to raise up to Rs1,500 crore from two global private equity investors – Apollo Global Management Inc. (through its managed...
Apollo Global, Synergy Fund may invest Rs 1,500 crore in JSW Cement
Apollo Global Management is doubling down on Sajjan Jindal led JSW Group, joining Synergy Metals Investments for a Rs 1500 crore capital raise in the conglomerate’s cement business run by his son Parth, to fund its...
CCI approves Synergy Metals’ stake-buy in JSW Cement under green channel route
The Competition Commission of India (CCI) has approved the stake acquisition in JSW Cement by Synergy Metals Investments Holding, under the green channel route. Green channel is an automatic approval system, whereby a...
Panyam Cements’ resolution plan gets NCLT nod
The National Company Law Tribunal (NCLT) has approved a Rs 100-crore resolution plan to revive Panyam Cements and Mineral Industries. The plan, submitted by a consortium of cement consultancy firm RV Consulting Services...
Brazil’s CSN in talks to acquire cement maker Elizabeth
Brazilian steelmaker CSN is close to acquiring cement company Cimento Elizabeth for roughly $250 million, newspaper Valor Economico reported on Wednesday. Elizabeth is controlled by investment firm Farallon Capital. In...
Anjani Portland to buy majority stake in Bhavya Cements
Anjani Portland Cement, part of the Chettinad Group, is acquiring a majority stake in Bhavya Cements, which has around 1.4 million tonnes a year of cement-making capacity and annual revenue of more than 300 crore...
