Mumbai Birla Corp Ltd on Monday said it had agreed to acquire two cement assets from the local arm of Lafarge SA with a combined production capacity of around 515 million tonnes mt for a total enterprise value of Rs5000 crore The plants in Chhattisgarh and Jharkhand were put up for sale after Holcim of Switzerland and Francebased Lafarge agreed this year to a global merger that
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Mumbai Birla Corp Ltd on Monday said it had agreed to acquire two cement assets from the local arm of Lafarge SA with a combined production capacity of around 515 million tonnes mt for a total enterprise value of Rs5000 crore The plants in Chhattisgarh and Jharkhand were put up for sale after Holcim of Switzerland and Francebased Lafarge agreed this year to a global merger thatRead More
Aug 21 2015nbsp018332For Lafarge the problem is unique as it is divesting its two cement plants to Birla Corp to comply with a Competition Commission of India CCI diktat The competition watchdog had asked the French major to sell them by the end of the year as a precondition for giving a green light to conclude the Indian leg of its mega merger with HolcimRead More
More concerning for Holcim shareholders is the fact that the original price for the deal now looks wonky The 11 share exchange ratio was already somewhat in Lafarges favour at the time theRead More
The fund is also keen to partner with firms on inbound and outbound MampA mergers and acquisitions transactions We would like to find a partner where we can buy an asset whether in India orRead More
Nearly 70 percent of announcements of US acquisitions worth 1 billion or more in the first half were followed by gains in the stock prices of the buyers up from 60 percent in the same periodRead More
Sep 06 2019nbsp018332AV Birla Group Lafarge eye Jaiprakash Associates cement plants in Gujarat and Andhra Pradesh 15 Jun 2012 0330AM IST The AV Birla Group and French cement giant Lafarge are in talks to buy out Jaiprakash Associates cement plants in Gujarat and Andhra PradeshRead More
Jul 12 2016nbsp018332LafargeHolcim has agreed to sell its Lafarge India business to Nirma Ltd for an enterprise value of around 14 billion quotThis agreement is an important step in our 35 billion Swiss franc 356 billion divestment programmequot LafargeHolcim Chief Executive Eric Olsen said in a statementRead More
Jul 11 2016nbsp018332Nirma Ltd has agreed to acquire Lafarge Indias cement assets for about 14 billion Rs9400 crore outbidding Sajjan Jindalled JSW Cement and Piramal Enterprises as IndianRead More
May 15 2019nbsp018332LafargeHolcim expects to increase the number of small acquisitions it makes this year after buying four businesses so far in 2019 Chief Executive Jan Jenisch said on WednesdayRead More
Aug 18 2015nbsp018332Mumbai Birla Corp Ltd on Monday said it had agreed to acquire two cement assets from the local arm of Lafarge SA with a combined production capacity of around 515 million tonnes mt for a total enterprise value of Rs5000 crore The plants in Chhattisgarh and Jharkhand were put up for sale after Holcim of Switzerland and Francebased Lafarge agreed this year to a global merger thatRead More
Sep 09 2019nbsp018332After two painful years of restructuring LafargeHolcim Ltd Chief Executive Officer Jan Jenisch says the worlds biggest maker of building materials is finally ready for acquisitions againRead More
The two top entities Holcim combine and Aditya Birla Groups Grasim and Ultratech now control over half of Indias cement capacity Lafarge and Italicement will try and scout forRead More
Ireland CRH CEO Albert Manifold has said that the company will now take a pause from largescale acquisitions following the completion of its US73bn acquisition of various Lafarge and Holcim assets and its recent US13bn acquisition of glazing products producer C R Laurence Manifold was quoted by the Wall Street Journal as saying that significant acquisitions going forward are unlikelyRead More
Aug 17 2020nbsp018332Its true The Indian Navys new reported quest for 10 shipborne surveillance drones happens to be its fifth attempt to acquire such a capabilityPart of a raft of military hardware acquisitions being processed under emergency procurement rules in the backdrop of border tensions with China the Indian Navy is reported to be keen on a rapid acquisition of 10 unmanned air systems forRead More
Jan 22 2016nbsp018332The fall in steel prices in the face of relentless imports from China has battered the domestic steel industry which would die if the Indian government doesnt step in to help saysRead More
Calcutta Aug 17 Birla Corporation the flagship of the MP Birla group today struck a deal under which it will snap up two cement plants of Lafarge India at an enterprise value of Rs 5000 crore This is the first major acquisition by the Lodhacontrolled Calcuttabased company that is looking to consolidate its position in the highly competitive cement industryRead More
Lafarge India Pvt Ltd a subsidiary of the Lafarge Group plans to invest Rs7bn 156m to raise the cement production capacity of its Chhattisgarh unit from 15Mta to 35Mta Lafarge is keen to invest immediately for the expansion project at its Sonadih Cement Plant in Raipur district state Learn More Indian Cement Review Magazine Lafarge CementRead More
Jun 13 2011nbsp018332Ten years on Indias total capacity has more than doubled to 270 mt while Lafarge accounts for 65 mt its share has dropped from 33 per cent to less than 24 per centRead More
Lafarge may need to divest of more Indian assets due to mining regulations Cimpor has sold a 16 per cent stake in Ygauazu Cementos of Paraguay for a total of EUR32m the company announced in a statement Turkish cement producer are keen on acquisition opportunities that may arise from the Lafarge and Holcim merger according to reports byRead More
Apr 07 2014nbsp018332An acquisition spree before the financial crisis including Lafarges 102 billioneuro purchase of Orascom Cement in 2008 and Holcims 41 billion deal for Aggregate Industries in 2005Read More
Sep 20 2018nbsp018332The US ecommerce giant is buying up 49 percent of More in a deal that sees Amazon partner and PE firm Samara Capital pick up the Amazon makes offline retail push in IndiaRead More
Two of the worlds largest cement groups Lafarge and Holcim are expected to announce plans for a 40bn merger on Monday sparking a shakeup of the global building industry and a series ofRead More
While Lafarge has a large presence in eastern India Holcim through its subsidiaries ACC and Ambuja Cement has a presence in almost all key markets in India In August 2015 Lafarge received conditional clearance from CCI to sell its Jojobera and Sonadih plants in eastern India to Birla Corporation for an estimated Rs 5500 croreRead More
Jul 11 2016nbsp018332Mumbai Nirma Ltd has agreed to buy Lafarge Indias cement assets from LafargeHolcim at an enterprise value of 14 billion around 9400 crore in what could be the largest deal financedRead More
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