News
A joint economic meeting between Afghan and Iranian trade delegations in Farah, Afghanistan, has finalized a contract to buy 50,000 tonnes of cement worth $2.5 million.
Portuguese investment group Semapa has more than EUR 1 billion available for new investments and is exploring acquisition opportunities in the European market. This was reported by Bloomberg, citing an interview with the company’s CEO, Ricardo Pires.
German company Heidelberg Materials has agreed to acquire an additional stake in Turkish building materials producer Akçansa from Sabanci Holding, increasing its ownership to 79.44 %. The deal effectively gives the international group a controlling stake and reinforces its position in Turkey and the broader Mediterranean region.
China’s West China Cement (WCC) has announced the acquisition of 100 % of the shares of South African company AfriSam, one of the key producers of construction materials in the region. The deal is part of WCC’s strategy to expand its presence in the African market.
A new player in the construction materials market, LATCEM, has completed a deal to simultaneously acquire control of two leading cement producers in the region – InterCement in Brazil and Loma Negra in Argentina. The transaction marks one of the largest consolidations in the Latin American cement industry in recent years.
Heidelberg Materials North America has completed the acquisition of the Canadian company Burnco’s assets in Edmonton, Alberta.
The Swiss company Holcim has agreed to acquire building materials and solutions operations in Colombia in a deal valued at 485 million USD.