Holcim sees share price rise

Swiss cement producer Holcim has seen its share price increase following Thomas Schmidheiny's move to increase his stake in the company to 20% and Filaret Galchev's decision to almost double his stake in Holcim to 10.1%.

March 7, 2012 Read time: 1 min

Swiss cement producer 680 Holcim has seen its share price increase following Thomas Schmidheiny's move to increase his stake in the company to 20% and Filaret Galchev's decision to almost double his stake in Holcim to 10.1%.

There are rumours that Holcim could become the object of a take-over bid by 3704 Eurocement.

However, in a recent report, Patrick Appenzeller, an analyst at 3705 Helvea, has said that such a purchase is unlikely given the difficult loans and credit market.

Quarry Products

For more information on companies in this article

Eurocement

Helvea

Holcim/Lafarge merger: more problems as shareholder rejects terms

Russian businessman Filaret Galchev, who owns a 10.8% stake in Switzerland's Holcim via Eurocement Holding, has rejected merger terms between France's Lafarge and Holcim, a Swiss newspaper reported on Sunday, Reuters reports. Galchev, Holcim's second-largest shareholder, views the terms as "not satisfactory and half-baked", the Sonntagszeitung reported, citing an unnamed source described as a Galchev confidant. Holcim and Lafarge have agreed a new share-swap ratio that was more advantageous to Holcim invest

April 13, 2012

Eurocement increases stake in Holcim to 10.8%

Russian company Eurocement Holding has increased its stake in Swiss cement company Holcim to 10.8%, up from 10.1% in autumn 2011.
This represents a further CHF 100 million (€83.1 million) investment.
Eurocement Holding said that it had used the company's low share price as an opportunity to buy more shares. It also emphasised that its investment in Holcim was a financial investment, and that it does not want any representatives on Holcim's board.

February 14, 2017

Foreign investors look to increase stake in Russian aggregates sector

Denis Manturov, Russia’s Minister of Industry & Trade

May 19, 2015

New Lafarge-Holcim merger terms

Although Lafarge and Holcim have agreed revised terms to allow their €42 billion merger to go ahead, it is not yet a done deal. The companies have agreed a new share-swap ratio (nine Holcim shares for ten Lafarge shares), and it was decided that Lafarge boss Bruno Lafont would no longer become CEO of what would be the world’s largest cement group.