Nuvoco Vistas, the Nirma Group’s cement division, has emerged as the frontrunner to acquire the Emami Group’s nine million tonne per annum cement business for Rs 5,500-6,000 crore enterprise value to consolidate its...
Bidding for Emami Cement to commence mid-Jan, Ultratech ahead in race
Bidding for the acquisition of Emami Cement is likely to commence by mid-January with the Aditya Birla Group’s UltraTech Cement leading the race at an offer price of Rs 6,500-7,000 crore in an all-cash deal, sources...
UltraTech leads the race to buy Emami Group’s cement business
UltraTech Cement Ltd, India’s largest producer of the building material, has emerged as the front-runner to buy the cement business of Emami Group in an all-cash deal worth ₹6,500-7,000 crore, according to three people...
Lone Star in exclusive talks to buy BASF construction chemicals unit -sources
Lone Star has entered exclusive negotiations to buy BASF’s construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said. The private...
Ambuja looks to expand cement capacities with buys in RMCs, aggregates
LafargeHolcim-controlled Ambuja Cement is looking to acquire capacities in ready-mix concrete (RMC) and aggregates businesses to fuel growth. The company is also on the look out for adding cement capacities, if the...
BASF to launch construction chemicals unit sale in spring: sources
BASF will launch the sale of its $3 billion-plus construction chemicals business in the spring, as part of the German chemicals group’s drive to focus on more profitable operations, people close to the matter said...
Activist investor Cevian builds stake in Ireland’s CRH
Activist investor Cevian Capital has built a stake in Ireland’s CRH to become the heavy materials and building products group’s second-largest owner, Cevian managing partner Christer Gardell told Reuters. CRH, which...
EU antitrust policy under fire after Siemens-Alstom deal blocked
Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet...
Blackstone, Temasek in talks for Wonder Cement stake
Private equity investors Blackstone Group and Temasek Holdings are in separate discussions to acquire 15-20% in Wonder Cement, part of Rajasthan-based RK Group, for Rs 1,000 crore. Wonder Cement is one of the largest...
CCI initiates public scrutiny of Linde-Praxair deal, invites comments
Fair trade regulator CCI has launched a public scrutiny of the mega deal between industrial gas firms Linde and Praxair, saying that it is of the prima facie view that the proposed merger is likely to have an...
ACC and Ambuja Cements place merger plans on hold
The long-due merger between the Swiss building materials maker LafargeHolcim’s Indian operations, Ambuja CementsBSE -3.79 % and ACCBSE -1.60 % Ltd, has been called off on Monday because of some “current constraints”...
French trade unions voice opposition to Alstom/Siemens tie-up deal
French trade unions expressed their opposition on Tuesday to last year’s agreed tie-up between Alstom (ALSO.PA) and Siemens (SIEGn.DE), saying they feared possible job cuts. Last September, Siemens and Alstom agreed to...