Published by
Katherine Guenioui,
Editor
World Cement,
LafargeHolcim has launched a mandatory tender offer for the acquisition of the remaining shares of Heracles Cement, in which LafargeHolcim owns an 88.99% stake. LafargeHolcim is offering €1.23 per share, which amounts to the average weighted trading price of the shares of the company over the six months to 10 July, when LafargeHolcim acquired the Lafarge stake. The acceptance period has not yet been announced.
Adapted from press release by Katherine Guenioui
Titan benefited from the strong performance of its US operations and achieved an increase in consolidated turnover of almost 20%.
LafargeHolcim is already working on synergy acceleration activities, expecting CHF100 million synergies by year-end.
Cement volumes were down 3% in 2Q15, while 1H15 EBITDA was up 6% thanks to favourable exchange rates.
Greece’s Heracles General Cement Company SA releases its 2012 results and reorganises the structure of its cement operations.