Lionhead Group to sell Lionhead Cement

Taiyuan Lionhead Group plans to sell 52.77 million shares or a 22.94% shareholding in Taiyuan Lionhead Cement. Lionhead Group will cease to hold any shares in Lionhead Cement upon completion of the disposal. The announcement was made by Lionhead Cement, a China-based maker of aluminate cement, portland cement and clinker and concrete.

March 3, 2016 Read time: 1 min

Taiyuan Lionhead Group plans to sell 52.77 million shares or a 22.94% shareholding in Taiyuan Lionhead Cement.

Lionhead Group will cease to hold any shares in Lionhead Cement upon completion of the disposal.

The announcement was made by Lionhead Cement, a China-based maker of aluminate cement, portland cement and clinker and concrete.

Quarry Products

China’s Conch to increase equity interest in West Cement with US$592.21mn investment

China-based cement maker Conch International Holdings (HK) Ltd (Conch) plans to increase its shareholdings in fellow Chinese cement maker West China Cement Ltd (West Cement) through a US$592.21 million (HKD 4.59 billion) investment.

Once the deal is completed, Conch will need to conduct a mandatory takeover offer for the shares in West Cement it does not already own, as the stake it owns will rise to 51.57%. Currently, it owns a 21.17% equity holding in West Cement.

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CRH must sell stake in Secil

Building materials group CRH has been told to sell its stake in Secil to its joint venture partner, Portuguese industrial holding company Semapa. Secil is a Portuguese manufacturer of cement and ready-mixed concrete, and since October 2009, when CRH last made an announcement on this matter, CRH and Semapa have been engaged in arbitration proceedings to resolve disagreements between them. This culminated in an award by an Arbitral Tribunal in Paris, France, functioning under the Rules of Arbitration of the I

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Boral to return AUS$3 billion to shareholders

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