UltraTech arm to sell entire stake in Chinese cement firm ...

2 · Mumbai, Jul 7 (IANS): Krishna Holdings, a subsidiary of UltraTech Nathdwara Cement, will sell its entire 92.5 per cent stake in China's Shandong Binani Rongan Cement for around $129 million. UltraTech Nathdwara Cement is a subsidiary of the UltraTech Cement. In a regulatory filing on Tuesday, UltraTech said, "Krishna Holdings, incorporated in Singapore and a subsidiary of the company's wholly ...

ARM Cement suitors have one month to submit bids ...

Jan 01, 2019· The acquisition of ARM will give the successful bidder an instant presence in the local and regional cement market, with a need to spend more than Sh2 billion to upgrade the company's factories.

ARM Cement News | Latest News on ARM Cement

May 29, 2020· Check out for the latest news on ARM Cement along with ARM Cement live news at Times of India + TOI TimesPoints. HOW TO EARN MY ACTIVITY FAQs. more. DAILY CHECK-INS: 0 …

Raysut Cement eyes Kenya's ARM to power its expansion in ...

Dec 04, 2018· Raysut Cement is one of the major clinker suppliers to the East African region and the ARM assets will fit very well with its plans for East Africa where in the last quarter alone it supplied over ...

ARM to Sell Rwanda, South African Subsidiaries To Settle ...

May 22, 2020· ARM Cement's Kenya operations were sold to another Kenyan company, National Cement, for $50 million last year. Email your news TIPS to [email protected] or WhatsApp +254708677607. You can also find us on Telegram through ...

ARM Cement suspended from trading

The Capital Markets Authority (CMA) has suspended the shares of Athi River Mining (ARM) Cement from trading on the Nairobi bourse after the company was placed under administration on Friday. According to a public notice issued by Nairobi Securities Exchange (NSE), the shares of the cement-maker, stuck in more than Sh14.4 billion debt, will remain […]

ARM Cement (ARM) Realtime Stock Quote | Nairobi Securities ...

Aug 17, 2018· ARM Cement Ltd (ARM), Sector: Construction And Allied, Price: KES 5.50, Beta: 0.73.   ARM Cement Ltd. manufactures sodium silicate, lime, industrial minerals, formulated fertilizers and building products in East and Southern Africa. The company's business segments include Cement & Lime and Other Products. Among...

ARM Cement's Kenyan assets sold for Sh5 billion

May 21, 2019· ARM Cement was put under administration last August by some of its creditors over a $190 million debt and its shares were suspended from the …

Tycoon Jaswant Rai's Bid To Freeze Sale Of ARM Rejected

Sep 12, 2019· ARM Cement currently has operations in Kenya, Tanzania, and Rwanda. National Cement Company commenced operations in 2010, and produces and supplies cement under the brand name Simba Cement. It is a member of Raval's Devki Group, owned by Narendra. Email your news TIPS to [email protected] or WhatsApp +254708677607.

East Africa: Dangote's Buyout of ARM to Make It Largest ...

ARM was placed under receivership in August by Nigeria's United Bank of Africa Group over a $3.5 million loan; now Dangote Cement says it is already in talks to acquire the troubled cement maker.

ARM Cement's Bailout Bid Receives 25 Offers

ARM Cement's Bailout Bid Receives 25 Offers. by Miriam Wangui. February 16, 2019. ... Wallstreet is a leading integrated digital media business content platform providing in-depth business and financial news across Sub-Saharan Africa and the globe. Contact Us. [email protected]

Cement industry news from Global Cement

Belarus: Belarusian Cement Company (BCC) sold 1.85Mt of cement over the first five months of 2020, up by 12% year-on-year from 1.65Mt in the corresponding period of 2019. The Belarusian Architecture and Construction Ministry has reported that, of BCC's three subsidiaries, Krichevtsementnoshifer recorded the largest sales growth in the period, of 9.6% to 465,000t.

ARM Cement's Kenyan assets sold for $50 million ...

May 21, 2019· "ARM Cement PLC (under Administration) announces that National Cement Company Limited has signed an agreement for the acquisition of all cement and non-cement assets and business of ARM Cement PLC in Kenya as a going concern for a purchase price consideration of $50 million," the firm said in a statement.

Ultratech Cement says arm to sell 92% holding in China's ...

Read more about Ultratech Cement says arm to sell 92% holding in China's Shandong Binani Rongan on Business Standard. The cement major on Tuesday (7 July) said its subsidiary Krishna Holdings will sell its 92.5% holding in Shandong Binani Rongan Cement Company for enterprise value of approximately $120 million.

China's Huaxin Cement buys Tanzania unit of Kenya's Arm ...

May 20, 2020· ARM Cement's Kenya operations were sold to another Kenyan company, National Cement, for $50 million last year. ARM Cement had an installed annual production capacity at its two plants in Kenya of ...

Oman firm eyes acquiring ARM Cement at over Sh10b: The ...

Business News Oman's Raysut Cement said on Tuesday it plans to acquire Kenya's ARM Cement, which went into administration in August, as part of its expansion plans.

Bidders for ARM urged to formalise bids by end of January

ARM Cement is reported to be KES10.2bn (US$100.1m) in debt, said Business Daily. ARM's creditors will review the terms of the best offer, negotiate with the investor and complete the transaction. Published under Cement News

Dangote's buyout of ARM to make it largest player

Nov 12, 2018· Dangote could enter the Kenyan and Rwandan market through buying out troubled ARM Cement before mid-next year. The buyout, if successful, will supersede its earlier plans of entering the region constructing two factories in Rwanda, three in Dar, one in Burundi and another in Jinja, Uganda.

National cement finally takes over Athi River Mining ...

Oct 15, 2019· ARM has been unable to recover from losses which started in the first half of 2015. In December, Oman's Raysut Cement said it planned to acquire ARM Cement as …

cement industry: Latest News on cement industry | Top ...

May 08, 2020· Cement prices to rise by Rs 15-20 per bag and demand to fall by 30%: Crisil 18 May, 2020, 04.42 PM IST "Almost all the dealers foresee 10-30% drop in demand in fiscal 2021 due to delay/freeze in construction activity," the report said.

ARM Cement Shares to Remain Suspended on Nairobi Bourse ...

In 2019, National Cement Company Limited, a member of the Devki Group Of Companies entered into an agreement to acquire all cement and non-cement assets and business of ARM Cement PLC for KSh 5.0 Billion. ARM Cement and its subsidiaries also have operations in Kenya, Tanzania and Rwanda.

How Devki beat Dangote in battle for ARM Cement

May 22, 2019· The proposal greatly enticed Mr Dangote, who even told Bloomberg News in an interview that he was discussing a possible takeover deal with the company. "We are talking to (ARM Cement PLC) to see if we can take it over," he said without going into detail. A few weeks later, Raysut Cement …

Billionaire buys ARM Cement assets for Sh5 billion: The ...

Former Athi River Mining MD Pradeep Paunrana. Business News ARM Cement has signed a Sh5 billion deal for the transfer of its business to the National Cement Company.

ARM Cement

ARM Cement Ltd, formerly Athi River Mining Ltd., is a Kenya-based cement manufacturer company. It also manufactures sodium silicate, lime, industrial minerals, formulated fertilizers and special building products in east and southern Africa. The Company has subsidiaries operating in Kenya, Tanzania, South Africa and Rwanda.

Billionaire Narendra Raval buys ARM Cement's Kenya assets ...

May 21, 2019· Business tycoon Narendra Raval's National Cement Company has bought ARM Cement's assets for US$50 million (Ksh 5 billion), its administrator was quoted by Reuters news agency as saying on Tuesday. ARM Cement was put under administration in August last year by some of its creditors over a Ksh 19.2 billion debt and its shares were suspended ...

ARM subsidiary is sold to Huaxin Cement

CemNet.com » Cement News » ARM subsidiary is sold to Huaxin Cement ARM subsidiary is sold to Huaxin Cement. 27 September 2019. Maweni Limestone Ltd, the Tanzanian subsidiary of ARM, has been sold to Huaxin Cement of China for US$116m. The acquisition is subject to regulatory approvals.

ARM Cement

May 20, 2020· Kenya: ARM Cement has signed a deal to sell its business in Kenya to the National Cement Company for US$50m. The transaction is subject to customary regulatory approvals, according to the Business Standard newspaper. ARM Cement also has operations in Tanzania, Rwanda and some interests, in the form of unexploited mineral deposits, in South Africa.

ARM CEMENT PLC

Pradeep H. Paunrana Managing Director Pradeep Paunrana is 52 years old and joined ARM CEMENT PLC (formerly Athi River Mining Ltd) in 1984 after graduating with an MBA from NYU Stem. As CEO of the business started by his father, Pradeep has public listed cement, industrial minerals and fertilizers company operating in Kenya, Tanzania, Rwanda and South Africa.

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