Skip to main content

Holcim sells Siam City Cement shareholding

World Cement,


Holcim has sold its remaining 27.5% stake in Thailand’s Siam City Cement Company Ltd (SCCC) via a private placement in capital markets. A member of Hong Kong-based conglomerate, Jardine Matheson Group, has purchased 24.9% of Holcim’s share in SCCC. The other 2.6% has been acquired by a number of institutional investors.

The sale of the shareholding will bring Holcim around CHF655 million, resulting in a gain before taxes of some CHF365 million. The construction materials producer has said that this will be used for ‘general corporate purposes’.

SCCC employs over 4000 people and has the capacity to produce 14.5 million t at its Saraburi cement plant.


Adapted from press release by

Read the article online at: https://www.worldcement.com/asia-pacific-rim/30032015/holcim-sells-remaining-stake-in-siam-city-cement-600/

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):