South Korea: Lafarge Halla to be purchased by Glenwood PE for KRW 630 billion

An accord has been sealed by Glenwood Private Equity to purchase Lafarge Halla Cement in South Korea for some KRW 630 billion (€480.22 million/US$541.14 million). The vendor is France's LafargeHolcim. By the end of April 2016, the takeover will reach completion. An agreement has been sealed by a consortium consisting of PEF Baring Private Equity Asia (Baring PEA) and Glenwood PE with LargeHolcim to take over the cement company. Of the total takeover price, it is understood that Baring PEA wil

March 22, 2016 Read time: 1 min

An accord has been sealed by Glenwood Private Equity to purchase 725 Lafarge Halla Cement in South Korea for some KRW 630 billion (€480.22 million/US$541.14 million).

The vendor is France's 8161 LafargeHolcim.

By the end of April 2016, the takeover will reach completion.

An agreement has been sealed by a consortium consisting of PEF Baring Private Equity Asia (Baring PEA) and Glenwood PE with LargeHolcim to take over the cement company.

Of the total takeover price, it is understood that Baring PEA will fund KRW 180 billion; KRW 400 billion to be financed by Glenwood PE, while the balance of KRW 50 billion will be secured from corporate financing.

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Lafarge’s €200mn to speed Indian development

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CVC preparing bid for Lafarge/Holcim cement companies?

CVC is preparing a joint bid with a Singaporean state fund for assets including Britain's biggest cement-maker, Sky News reports.

The private equity company CVC Capital Partners is reported to be joining forces with some of the world's biggest sovereign wealth funds to bid for £4 billion (€5 billion) of cement assets that would make it a major player in the building materials sector.

Sky News reports that CVC is in discussions with Singapore's Government Investment Corporation (GIC) about a combined o

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