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NSSF to exit Bamburi Cement after it loses board seat 12 March 2011 price cuts. NSSF, which currently holds 14% of BamburiÔÇÖs stakes worth Sh10.5 billion, looks forward to cutting back the shares based on reports from Nairobi Stock Exchange (NSE). Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: Financial South Africa's Sephaku expects increase in NAVPS 09 March 2011 that the increase in NAVPS resulted mainly from the corporate actions undertaken during 2010, including the issue of shares for cash by Sephaku Cement to Dangote Industries, NigeriaÔÇÖs largest cement company, to settle a loan of R75,6-million and the... Type: Article Category: Financial China: Cement shares surge on state housing program 09 March 2011 Stocks at fresh highs after government announces plan to boost social housing programs. (CW Group) Listed Chinese cement makers hit fresh highs in Hong Kong, after the government announced it was ramping up spending for social housing in the country, a... Type: Article Category: Financial Cimpor mum on Brazilian regulator's recommendations 08 March 2011 cement maker Cimpor has declined to comment on Brazils recommendations regarding the purchase of its shares by Votorantim and Camaro Correa, until the details are finalized. Francisco Lacerda, CEO of┬áCimpor says the timing "is not appropriate to... Type: Article Category: Mergers & Acquisitions Cemex may issue up to $1.38 bn of convertible notes 08 March 2011 added. Cemex had earlier secured shareholder approval to create the equivalent of 200 million new American depositary shares to support the sale of convertible notes. Those shares are valued at $1.78 billion at todayÔÇÖs closing price. The cement maker... Type: Article Category: Financial Green cement co Ceratech gets backing from coal major 08 March 2011 of the equity in CTI on a fully-diluted basis with an option to increase that stake to 28.3 percent of the fully-diluted shares if certain criteria are met.┬á The amount of Alpha's initial investment was not disclosed. According to Hyman, "Alpha's... Type: Article Category: Mergers & Acquisitions Kenyan cement stocks at fresh highs on strong demand 07 March 2011 fresh highs, as cement demand in the region continues to increase, a report from All Africa said. Athi River Minings (ARM) shares are trading at an all time high of $2.4 per share at the Nairobi Stock Exchange, signalling an expansion in the regions... Type: Article Category: Financial West China Cement posts record profit 04 March 2011 the capacity of its plants in Western China from 12.5 million tons to 18 million tons by mid next year. West China Cement shares rose by 3.2 percent to HK$2.89. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Financial Soboce still waiting for compensation for sequestered stake 03 March 2011 expecting that we invite or do we know that information, because the 180 days set by the 0616 decree for the payment of the shares belonging to Soboce Fancesa already been fulfilled, "said President Soboce directory, Juan Carlos Requena. Soboce believes... Type: Article Category: Mergers & Acquisitions Spain: FCC may sell international cement business 01 March 2011 2010, the report said. "As of today we haven't decided anything, but of course it's true that we've studied (buying out the shares) and other options, as we do for all our units," Falcones said. Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: Markets & Competition Baturaja IPO still waiting for government approval 28 February 2011 "Now we wait for the committee. We hope this year Baturaja Cement can do the IPO, "he said. He notes, the number of shares to be floated would depend on the companys financing needs. "The target depends on the companys funds. Well see what their needs... Type: Article Category: Financial Competition, imports eating into BamburiÔÇÖs profits 28 February 2011 as the hike in cement supplies on account of increased competition and cheap imports starting eating into their market shares. The companyÔÇÖs after tax profits fell from Sh6.97 billion in 2009 to Sh5.29 billion in 2010. It also recorded falls in... Type: Article Category: Financial Pakistan: DG Khan records 37% rise in quarter sales 27 February 2011 brought by the catastrophic floods last year paralyzing almost 4,000 kilometers of roads and 1,000 bridges. DG KhanÔÇÖs shares were pegged at 25.67 rupees/share at the Karachi Stock Exchange on Thursday, recording a daily fall of 5% and overall annual... Type: Article Category: Financial Cemex gets approval to issue $2bn of shares 24 February 2011 in a bid to reassure investors. (CW Group) Cemex has secured shareholders approval to issue as much as $ 2 bn worth of shares to pay its obligations, a report from Reuters said. But┬áChief Executive Lorenzo Zambrano, wary of alienating shareholders,... Type: Article Category: Financial Binani Cement poised for delisting 24 February 2011 80% share tendering will take promoterÔÇÖs shares to 90%, as required by SEBI for delisting (CW Group) The promoters of the Indian cement maker, Binani Cement, a subsidiary of Braj Binani group, are poised to de-list the company from the Indian bourses... Type: Article Category: Financial FCC may delist Cementos Portland Valderrivas 23 February 2011 Sources say mother unit may buy remaining shares in cement maker. ┬á (CW Group) Spain's Fomento de Construcciones & Contratas or FCC may decide to purchase shares it doesn't already own in its Cementos Portland Valderrivas unit, a report from Negocios... Type: Article Category: Mergers & Acquisitions Malaysia's Tasek posts robust earnings 21 February 2011 other assets. FBM KLCI, which closed at 15,117.86 on Friday, had a rise of 9.3 points with turnover at 788.51 million and shares at RM880.13 million. The dayÔÇÖs trading closed with 374 gainers, 310 losers and 325 unchanged stocks. TasekÔÇÖs shares had... Type: Article Category: Financial Egypt cement prices seen to reach LE 650 21 February 2011 the companies and also the agents and distributors, due to the high oil prices, are not investing even one eighth of their shares in cement. Also the lack of controls in the construction sector has resulted in huge demands for cement, further boosting... Type: Article Category: Volume & Pricing Indonesia's Baturaja gearing up for IPO 17 February 2011 State owned cement maker plans to offer 25% of outstanding shares to the public.[$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Indonesias Semen Baturaja is planning a... Type: Article Category: Financial Jiangxi Wannianqing Cement in capital raising move 16 February 2011 share offer. ┬á (CW Group) China's Jiangxi Wannianqing Cement is looking to raise as much as 692 mm yuan by issuing 65 mm shares at a par value of 10.64 yuan per share, a report from Capital Vue said. ┬á The firm says 500 million yuan will be used to... 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