|Bid||0.00 x 245700|
|Ask||0.00 x 19700|
|Day's Range||41.88 - 42.83|
|52 Week Range||41.88 - 59.98|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.65|
Indonesia's biggest cement maker Semen Indonesia (SMGR.JK) is buying the local unit of Swiss rival LafargeHolcim (LHN.S) for around $917 million (707.13 million pounds), as it seeks to extend its dominant position in Southeast Asia's largest market. Semen Indonesia said in a statement it had signed a deal to acquire LafargeHolcim's 80.6 percent stake in PT Holcim Indonesia (SMCB.JK), which is the third-biggest cement producer in the country. "In the competitive environment of national cement industry, the combination between Semen Indonesia and Holcim will be stronger and larger," said Hendi Prio Santoso, president-director of Semen Indonesia.
Swiss cement company LafargeHolcim Ltd. (LHN. EB) has agreed to sell its entire stake in unit PT Holcim Indonesia (SMCB. JK) to PT Semen Indonesia (Persero) (SMGR. JK) for $1.75 billion. The sale of its 80.
ZURICH/SINGAPORE (Reuters) - Indonesia's biggest cement maker Semen Indonesia is buying the local business of Swiss company LafargeHolcim for roughly $917 million, in a move that will consolidate the struggling Indonesian industry. The acquisition "will provide it with a significantly larger capacity and broader product portfolio and geographical footprint," the state-owned cement maker said in a statement on Tuesday, adding that the move would enable it to fully capitalise on growth opportunities in its home market. LafargeHolcim, the world's largest cement maker, said in a separate statement that it was selling its Indonesian business to Semen Indonesia as it reviews its portfolio to improve its financial strength.
Government-controlled PT Semen Indonesia will buy LafargeHolcim Ltd.’s 81 percent share in PT Holcim Indonesia in a deal valuing the entire business at $1.75 billion, the Swiss company said in a statement late Monday European time. Semen Indonesia is paying a premium of about 13 percent to Holcim Indonesia’s enterprise value on the eve of the deal. Assuming net debt is held constant, shareholders will get about 21 percent more than the stock was worth as of Monday’s close, and three times what it fetched three months ago. To be sure, as my colleague Anjani Trivedi wrote earlier this year, Indonesia’s cement market is a dismal one – plagued with overcapacity and a slowdown in demand that hit just as new offshore players such as Anhui Conch Cement Co. started breaking into the market.
LafargeHolcim (LHN.S) is selling its Indonesian business to Semen Indonesia (SMGR.JK) as it reviews its portfolio to improve its financial strength, the world's largest cement maker said in a statement on Monday. LafargeHolcim signed an agreement with state-owned Semen Indonesia to divest its 80.6 percent in Holcim Indonesia for an enterprise value of $1.75 billion (1.36 billion pounds) on a 100 percent basis, the company said. The assets sold, which represent LafargeHolcim's entire operations in Indonesia, consist of four cement plants, 33 ready-mix plants and two aggregate quarries, the Swiss company said.
The world's largest cement maker LafargeHolcim cut its profit expectations for 2018 on Friday, blaming rising energy and other costs. The Swiss company said it was seeing higher fuel prices to run its cement plants and transport costs due to a shortage of delivery truck drivers as well as more expensive packaging. "We are have very steep cost inflation," Chief Executive Jan Jenisch told journalists on a call, "one of the steepest I have seen for many years.
As the world’s largest cement maker sheds assets, billionaires and industrial conglomerates are lining up for LafargeHolcim Ltd.’s $2 billion-worth of Indonesian kilns. The Swiss-based company’s sale of its domestic unit, of which it owns a bit more than 80 percent, is drawing interest from Japan’s Taiheiyo Cement Corp., the Malaysian tycoon Francis Yeoh, the biggest Indonesian cement maker PT Semen Indonesia, and the local subsidiary of Germany’s HeidelbergCement AG, Bloomberg News reported last week. As the month-end deadline for first-round offers draws near, shares of the unit, PT Holcim Indonesia Tbk, have soared — up almost 40 percent in the last two trading days.
LafargeHolcim (LHN.S) first half profit fell 43 percent, the company said on Friday, as the world's largest cement took 300 million Swiss francs (£230.42 million) in restructuring costs from its overhaul under Chief Executive Jan Jenisch. The Zurich company said first-half net profit tumbled to 371 million Swiss francs ($373.24 million), from 651 million francs a year earlier. Sales rose 2.7 percent to 13.27 billion francs, while the company confirmed its target of increasing net sales by 3 to 5 percent every year, and lifting its core operating profit by at least 5 percent.
ZURICH (Reuters) - LafargeHolcim (LHN.S) said on Thursday it had secured a 500 million pound ($661 million) contract with Highways England over the next four years, its second major highway contract in ...
LafargeHolcim (LHN.S) bought a ready mix concrete maker in the United States as the world’s biggest cement maker seeks smaller acquisitions to drive growth under Chief Executive Jan Jenisch, the Zurich-based company said in a statement on Tuesday. The Swiss company bought Tarrant Concrete, based in Dallas-Fort Worth area of Texas to boost its presence in the United States, its largest market. The deal, which was for an undisclosed sum, is the second under Jenisch, who took over at LafargeHolcim last September.
LafargeHolcim, the world's largest cement maker, will close its head offices in Paris and Zurich, eliminating 200 jobs as part of a cost-cutting drive. Chief Executive Jan Jenisch said the cuts, announced by the Franco-Swiss company on Friday, were part of a plan to simplify the company's structure and improve performance. "This painful but necessary simplification step is key to creating a leaner, faster and more competitive LafargeHolcim," he said in a statement.
Thomas Schmidheiny, LafargeHolcim's largest shareholder and a driving force behind the merger that created the world's largest cement maker, will step down from the company's board at its 2018 annual general meeting (AGM), it said on Wednesday. Schmidheiny, who owns 11.4 percent of the Franco-Swiss company, has decided not to stand for re-election as a board director but will remain a shareholder, it said.
LafargeHolcim's new chief executive set out his plan on Friday to revive the company's fortunes by cutting costs, selling assets and focusing on fewer markets as the world's biggest cement maker announced a $4 billion write off. CEO Jan Jenisch took over in September to get the company back on track after a difficult marriage between France's Lafarge and Switzerland's Holcim in 2015. LafargeHolcim also reported a 3.1 billion Swiss franc ($3.3 billion) net loss during its fourth quarter, hit by the impairment charge as Jenisch cleared the decks for his overhaul.
ZURICH (Reuters) - LafargeHolcim (LHN.S) has bought Kendall Group, an aggregates and ready mix concrete maker in southern Britain, in the first acquisition by the Swiss company's Chief Executive Jan Jenisch ...