Holcim increases stake in Chinese cement maker Huaxin

Posted On Tuesday, 19 February 2008 02:00 Published by Commercial Property News
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Swiss group Holcim said it had increased its stake in Chinese company Huaxin Cement to 39.9% from 26.1% for $282m

Bernard Fontana holcimSwiss group Holcim, one of the world's biggest cement makers, said on Monday it had increased its stake in Chinese company Huaxin Cement to 39.9% from 26.1% for $282 million (€193 million).

Holcim first took a stake of 23.4% in Huaxin Cement in 1999 and then increased it again in 2003 to build up its presence in China, the world's largest cement market.

 

Last modified on Wednesday, 03 July 2013 19:53
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