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S&P cuts Cemex' debt to "junk" 22 January 2009 that canÔÇÖt buy debt thatÔÇÖs not investment grade." Cemex used short-term debt to finance the $14,2 billion acquisition of Rinker Group in July 2007, tripling the companyÔÇÖs debt load. Cemex had net debt of $16,4 billion at the end of September,... Type: Article Category: Financial GCC and Granite in bidding war over Lafarge US asset 18 January 2009 favors Granite Construction," stated a company representative to ARI. Cemex is understood to have been contemplating an acquisition of the same assets 18 months to 2 years ago, but the deal did not close as Cemex and Lafarge could not agree on a... Type: Article Category: Mergers & Acquisitions CRH-Pavestone deal terminated 15 January 2009 Ireland-based building materials group, announced late Wednesday that it effectively had terminated the pending Pavestone acquisition due to US anti-trust concerns. (CW Group) CRH will withdraw the Hart-Scott-Rodino (HSR) anti-trust clearance filing its... Type: Article Category: Mergers & Acquisitions Heidelberg to sell assets, raise capital 14 January 2009 HeidelbergCement announced plans to sell non-strategic assets to pay down its $7,4 billion debt related to the Hanson acquisition maturing in 2010. (CW Group) GermanyÔÇÖs biggest cement manufacturer is planning to divest non-strategic assets to reduce... Type: Article Category: Financial Lafarge CEO: "We want to be part of the growth in Indian construction activity" 12 January 2009 fact that valuations of cement companies are significantly low, are you looking forward to expand your presence through acquisitions? We are open to an acquisition if there is an opportunity at a right price. However, it is not a priority for us at this... Type: Article Category: People Holcim rumored to contemplate bid for Heidelberg 09 January 2009 said. Even though analysts say that Holcim is in better financial shape than other cement manufacturers, an outright acquisition of all of HeidelbergCement appears unlikely because of the size of such a deal, in addition to poor financing conditions.... Type: Article Category: Mergers & Acquisitions CRH completes Ôé¼224mm acquisition of Yatai Cement 08 January 2009 CRH, based in Ireland, announced on Thursday that it has completed its acquisition of a 26% stake in China's Jilin Yatai Group. (CW Group) Yatai Cement's operations comprise four integrated cement plants and four separate grinding stations in Jilin and... Type: Article Category: Mergers & Acquisitions CRH sees Ôé¼1,6Bn pre-tax profits, challenging outlook 06 January 2009 plan may bolster earnings from the second half as $30 billion in road-resurfacing projects get the go-ahead. Total acquisition spend in 2008 amounted to approximately Ôé¼1bn, including the purchase of a 50% stake in Indian cement manufacturer My Home... Type: Article Category: Financial Strabag takeover of Cemex units probed 23 December 2008 Hungary's Competition Office (GVH) said on Monday that it is investigating Strabag's acquisition of Cemex' Hungarian and Austrian units. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid... Type: Article Category: Mergers & Acquisitions New report on China market released 23 December 2008 China and west China will be the key markets for cement in the future, aid ResearchInChina. In the year of 2008, merger & acquisition was a hot topic for China cement industry. The companies such as Anhui Conch Cement, CNBM, Shandong Sunnsy Cement... Type: Article Category: Markets & Competition HeidelbergCement gets loan waiver 17 December 2008 Lenders to HeidelbergCement have agreed to relax the debt-to-EBITDA ratio on loans used to finance the Hanson acquisition to 4,25x from 4x. (CW Group) The adjustment passed with more than 90% lender consent, sources told Reuters. The one-time waiver... Type: Article Category: Financial Cemex lenders ok debt refinancing 16 December 2008 2009," he said in a phone interview Bloomberg added. Cemex is looking to refinance loans stemming from its $14,2 billion acquisition of AustraliaÔÇÖs Rinker Group in 2007. Bloomberg added that the agreement requires Cemex to complete refinancing of... Type: Article Category: Financial Cemex acquires Orionidas in Spain 23 November 2008 Cemex is reported to have closed the acquisition of Orionidas, a cement grinding operation in Puerto el Castellon, Spain. (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]... Type: Article Category: Ports & handling S&P puts Cimpor on "negative watch" 11 November 2008 & Poor's put Portugal-based Cimpor's long term debt rating on negative watch following a series of recent investments and acquisitions. (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid... Type: Article Category: Markets & trade Cimpor buys Cemex' Canary Island assets for Ôé¼162MM 07 November 2008 puzzolana quarry and four precast plants. Cimpor said that in the current negative environment of the Iberian Market, the acquisition is important as it guaranties its plants in Portugal and Spain demand for at least 800.000 tons of clinker per year,... Type: Article Category: Ports & handling Lafarge sells Italian operations for Ôé¼290 million 06 November 2008 at least one billion euros over 2008 and 2009 to cut its debt which stood at 17,3 billion at end June due mainly to the acquisition of Egypts Orascom Cement for 8,8 billion euros at end 2007. Sacci is a family-owned company with headquarters in Rome and... Type: Article Category: Ports & handling Vicat buys grinding plant in Mauritania 20 October 2008 the countrys capital, Nouakchott. Cement demand is 700.000 tons per year and growing at 7% p.a., according to Vicat. The acquisition strengthens Vicats presence in West Africa, and adds to its holdings in Senegal and Mali, for a total production... Type: Article Category: Ports & handling More Heidelberg investments in Russia 25 September 2008 September HeidelbergCement acquired 75.1% of Russian OAO Voronezh Rudoupravlenie - a clay and silica sand operation. The acquisition will be advantageous for the new cement plant being built in the Tula region and the existing Doncement plant in the... Type: Article Category: Plant Expansions More Heidelberg investments in Russia 25 September 2008 September HeidelbergCement acquired 75.1% of Russian OAO Voronezh Rudoupravlenie - a clay and silica sand operation. The acquisition will be advantageous for the new cement plant being built in the Tula region and the existing Doncement plant in the... Type: Article Category: Ports & handling Lafarge invests in North Korea 25 September 2008 to three million tons per year once upgrades are completed by 2010. Lafarge acquired a 50% stake in the plant with its acquisition of Orascom Construction Industries, according to KBS. Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: Plant Expansions 99 100 101 102 103 104 105 106 107 108 Results 2121 - 2140 of 2142 Free NEWSLETTER Please enable the javascript to submit this form FREE SIGN-UP Sign in Don't have any account? Create one SHOW Forgot your username/ password? 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