Imerys launches Luzenac takeover bid

France-based mineral company Imerys is reported to have launched a takeover bid for the Luzenac talc quarry in Southern France. The company has made a binding offer for a 100% shareholding of the company to Rio Tinto but has yet to be approved by the regulatory authorities. The acquisition of Luzenac would extend Imerys geographical presence and allow it to develop its activities in polymers, paints, ceramics and paper.

April 2, 2012 Read time: 1 min

France-based 2912 Imerys Minerals Limited is reported to have launched a takeover bid for the Luzenac talc quarry in Southern France. The company has made a binding offer for a 100% shareholding of the company to Rio Tinto but has yet to be approved by the regulatory authorities.

The acquisition of Luzenac would extend Imerys geographical presence and allow it to develop its activities in polymers, paints, ceramics and paper.

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Cemex launches US$89mn takeover bid for Trinidad Cement Ltd

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Imerys’ net current income up 11% in H1 2015

In the first half of 2015, turnover for the French industrial minerals specialist Imerys was up 12% (or down 3.9% on a constant currency and perimeter basis) to €2.06 billion.

However, net current income for the group was up 11% to €175 million, due to acquisitions and positive currency effects.

Current operating income amounted to €274 million, with an operating margin of 13.3%, compared with 13.5% a year earlier.

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