Business News

Holcim Divest 27.5% Minority Stake in Siam City Cement Company

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – Holcim Ltd, one of the world’s leading suppliers of cement and aggregates said on Monday it has divested 27.5 percent of its minority stake in Thailand’s cement producer, Siam City Cement Company Ltd (SCCC). Holcim said the 27.5 percent representing its entire stake […]

Russia’s Galchev rejects terms of Holcim/Lafarge merger: newspaper

Sun Mar 29, 2015/Reuters Russian businessman Filaret Galchev, who owns a 10.8 percent stake in Switzerland’s Holcim (HOLN.VX) via Eurocement Holding AG, has rejected the takeover offer that France’s Lafarge (LAFP.PA) has made for Holcim, a Swiss newspaper reported on Sunday. Galchev, Holcim’s second-largest shareholder, views the offer as “not […]

Barclays Africa Seeks Equities Trading, Commercial Licenses in Nigeria-CEO

Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- one of Africa’s major financial services providers, Barclays Africa Group Ltd is applying for commercial and equities trading licenses in Nigeria, according to a Bloomberg report on Friday. The report quoted Maria Ramos chief executive officer (CEO) of the Johannesburg-based lender as saying “We really […]