Turkey’s Sabanci Holding to bid for Lafarge-Holcim assets
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
According to reports, Turkey’s Sabanci Holding, based in Istanbul, is interested in purchasing some of the assets being sold by Lafarge and Holcim as part of the companies’ merger plans. Industry insiders noted that Sabanci Holding, which owns Akçansa Cimento and Çimsa Cement, is predominantly interested in the cement giants’ European businesses and has already attained preliminary information to assess these assets.
The planned acquisitions form part of Sabanci Holding’s growth strategy. In March 2014, the company stated that it plans to invest approximately TL1 – 1.5 billion (US$448 – 672 million) in new assets. According to reports, preparations are already underway for a bid in December.
Edited from various sources by Rosalie Starling
Sources
Read the article online at: https://www.worldcement.com/europe-cis/24092014/turkeys-sabanci-holding-to-bid-for-lafarge-holcim-assets-538/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Molins announce first quarter results
Net profit reached €48 million, equivalent to earnings per share of 0.73 euros, 6% lower than the same period of the previous year.
