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...
LafargeHolcim to buy Firestone Building Products in $3.4 billion deal
LafargeHolcim, the world’s biggest cement maker, on Thursday announced a $3.4 billion deal to buy Firestone Building Products from Japan’s Bridgestone Corporation in its biggest acquisition in more than a decade. The...
LafargeHolcim to keep Philippines business after San Miguel deal collapses
LafargeHolcim has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world’s biggest cement maker said on Monday. The agreement to sell four cement plants and one...
LafargeHolcim sells Philippines business in $2.15 billion deal
LafargeHolcim has agreed to sell its Philippines operations in a deal valuing them at $2.15 billion, the world’s largest cement maker said on Thursday, as it continues to sell off units in fringe markets. The Swiss...
LafargeHolcim completes sale of $1.75 billion Indonesian unit
LafargeHolcim has completed the sale of its Indonesia business in a deal which valued the unit at $1.75 billion, the cement maker said on Friday. Proceeds from the sale to Semen Indonesia will be used to pay down...
Semen Indonesia to buy LafargeHolcim’s Indonesian unit for $917 million
Indonesia’s biggest cement maker Semen Indonesia is buying the local business of Swiss company LafargeHolcim for roughly $917 million, in a move that will consolidate the struggling Indonesian industry. The acquisition...
Heidelberg Cement eyes parts of Lafarge Holcim’ Indonesia business
Heidelberg Cement (HEIG.DE) could buy parts of Lafarge Holcim’s (LHN.S) business in Indonesia that is up for sale, Heidelberg Cement Chief Executive Bernd Scheifele said on Tuesday. Lafarge Holcim is planning to raise...
LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech
Cement giant LafargeHolcim has initiated a process that could lead to the union of its Indian operations ACCBSE 0.06 % and Ambuja Cement, following months of speculation that this could be happening. ACC is evaluating a...
LafargeHolcim increases stake in ACC & Ambuja
Global cement major LafargeHolcim has, through its subsidiary Holderind Investments, increased shareholdings in ACC and Ambuja Cement. It bought 39.1 million shares of Ambuja Cement, taking its holding to 63.11 percent...
Detergent major Nirma raises Rs 4,000 crore debt to fund Lafarge deal
MUMBAI: Detergent major NirmaBSE 0.06 %, which in July had agreed to buy the cement business of the French major Lafarge India, today raised Rs 4,000 crore debt to fund the deal, making it the largest rupee bond sale...
Nirma cements $1.4-bn Lafarge India buyout
Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. The valuation is...
Lafarge India begins Rs 10,000-cr sell-off
Lafarge India begins its sale process this week after receiving approval from the Competition Commission of India. The French cement giant has appointed Arpwood Capital and Citi as investment bankers to sell the entire...