Holcim increases stake in Chinese cement maker Huaxin

Posted On Tuesday, 19 February 2008 02:00 Published by Commercial Property News
Rate this item
(0 votes)

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

Most Popular

Anuva Investments launch Section 12J hospitality fund with property partners Flyt Property Investment

Oct 18, 2019
Zane De Decker HR
Investment into Section 12J venture capital vehicles has seen a huge uptake over the last…

Fairvest to become fourth property company to list on A2X

Oct 30, 2019
Fairvest Property Holdings, a real estate investment trust with a market cap of R2…

Property market ready for take-off as bond grants rise

Oct 18, 2019
BetterBonds Mortgage Monitor
Housing demand has continued to gain momentum since the start of the year and in the…

Significant shifts in the Winelands commercial sector

Oct 18, 2019
Caption Somerset West commercial
A decade of corporate semigration and decentralisation fuelled the Winelands commercial…

Equites Property Fund Interim Results

Oct 18, 2019
Andrea Taverna Turisan CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced distributable earnings for the…

Please publish modules in offcanvas position.