Skip to main content

FLSmidth Continues Negotiations to Acquire Ludowici

World Cement,


FLSmidth is continuing negotiations to acquire Ludowici. The Australian firm, which has its headquarters in Brisbane, provides wear resistant products, vibrating screens and coal centrifuges for the mineral industry. Ludowici has a strong presence in several countries with large mining industries. FLSmidth hopes that the acquisition would form part of its strategy of becoming a market leader in major minerals processing, as well as supporting its aim of expanding its customer service activities in the region.

FLSmidth’s expression of interest involves buying all of Ludowici’s shares at a price of AUS$ 7.20 each. The acquisition is dependent upon approval from the Australian courts, Ludowici’s shareholders and the completion of due diligence. 

Read the article online at: https://www.worldcement.com/asia-pacific-rim/01022012/flsmidth_continues_negotiations_to_acquire_ludowici/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):