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  • *Share exchange ratio altered in Holcim's favor. PARIS/ ZURICH, March 20- Switzerland's Holcim and France's Lafarge have agreed new terms for their plan to create the world's biggest cement company, giving unhappy shareholders in the Swiss firm a better deal. The companies also agreed that Lafarge boss Bruno Lafont would no longer become chief executive and...

  • DUBLIN, March 19- Irish cement firm CRH is assuming the merger of rivals Lafarge and Holcim will still happen, its chief said after CRH shareholders approved an asset purchase that depends on the deal. CRH has agreed to buy a number of mostly European assets from Lafarge and Holcim for 6.5 billion euros so the French and Swiss firms can get antitrust clearance for...

  • PARIS/ ZURICH, March 18- Cement makers Holcim and Lafarge, seeking to save their merger deal, are discussing a new leadership for the combined group which would give Lafarge's boss Bruno Lafont a lesser role, sources familiar with the matter said on Wednesday. Lafont could be named co-chairman of the future company, two of the sources said, alongside Wolfgang...

  • Lafarge and Standard Chartered help European shares gain Wednesday, 18 Mar 2015 | 11:53 AM ET

    LONDON, March 18- European shares rose on Wednesday, with Standard Chartered surging on broker upgrades and Lafarge leading the construction and materials sector higher on expectations that a merger deal with Holcim could be saved. Lafarge rose 5.7 percent after sources said the cement maker was seeking to save its merger with Switzerland's Holcim and the...

  • PARIS/ ZURICH, March 18- Cement makers Holcim and Lafarge, seeking to save their troubled merger, are discussing a new CEO appointment to the combined group that would see current Lafarge boss Bruno Lafont in a different role, sources said on Wednesday. A second source said that Holcim was not calling into question that the marriage of the two groups was of equals- a...

  • California carbon revenue hits $1.6 billion Tuesday, 17 Mar 2015 | 6:46 PM ET

    SAN FRANCISCO, March 17- California's February carbon permit auction raised $629.5 million, bringing the state's total from the program's 10 quarterly auctions almost to $1.6 billion, state officials said on Tuesday. Funds raised by the sale of the permits to large emitting businesses like oil refineries and cement manufacturers are deposited into a state...

  • PARIS/ ZURICH, March 16- Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. "The Holcim board of directors has concluded that the combination agreement can no longer be pursued in its present form," Holcim said in a statement,...

  • PARIS/ ZURICH, March 16- Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. But since then, diverging results, share prices and a surge in the Swiss franc against the euro have strengthened Holcim's position and led its largest...

  • Builders offer assurance after Lumber Liquidators scare Thursday, 12 Mar 2015 | 10:35 AM ET
    New home sales construction

    The nation's largest home builders have been quick to check and recheck their flooring lines after Lumber Liquidators mess.

  • March 12- Shares of cement maker Summit Materials Inc, controlled by Blackstone Group LP, rose as much as 12.5 percent in their trading debut on Thursday, valuing the company at $1.87 billion. The stock opened at $20.16 and touched a high of $20.25, valuing the company at about $1.87 billion. Citigroup and Goldman Sachs& Co are the lead underwriters of the offering.

  • March 12- Shares of Summit Materials Inc, a cement maker controlled by Blackstone Group LP, rose as much as 12.5 percent in their trading debut on Thursday, valuing the company at $1.87 billion. The offering was priced at $18 each, the midpoint of the expected range of $17- $19. Summit Materials' valuation takes into account 92.26 million outstanding shares, if all...

  • March 11- Cement maker Summit Materials Inc's initial public offering was priced at $18 per share, according to a market source, valuing the Blackstone Group- controlled company at $1.67 billion. The company raised about $400 million after its offering of 22.2 million class A shares was priced at the midpoint of the expected range of $17- $19 per share.

  • Summit Materials IPO priced at $18/share - market source Wednesday, 11 Mar 2015 | 5:15 PM ET

    March 11- Cement maker Summit Materials Inc's initial public offering was priced at $18 per share, according to a market source, valuing the Blackstone Group- controlled company at $1.67 billion. The company raised about $400 million after its offering of 22.2 million class A shares was priced at the midpoint of the expected range of $17- $19 per share.

  • One way to (possibly) make money in Cuba Wednesday, 11 Mar 2015 | 1:23 PM ET
    A privately owned party supply store in Havana, Cuba.

    The founder of an investment firm is raising money for a private equity fund geared toward direct investment in Cuba.

  • ZURICH, March 9- Swiss company Holcim came under pressure on Monday to secure improved terms for its shareholders in a planned merger with France's Lafarge that would create the world's largest cement maker. Holcim's largest stakeholder, Thomas Schmidheiny, who owns about 20 percent of the company, is demanding a better deal, Swiss weekly SonntagsZeitung...

  • DAKAR, March 5- Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue to seek partners like Aliko Dangote-- Africa's richest man, with whom...

  • Boral: Cost cuts, house boom drive profits   Tuesday, 10 Feb 2015 | 8:43 PM ET
    Boral: Cost cuts, house boom drive profits

    Mike Kane, CEO of Boral, says significant cost cuts for the past 2 years and improving housing sectors in key markets like Australia and the U.S. helped the firm to return to profitability.

  • *Lafarge and Holcim selling assets as part of merger. DUBLIN, Feb 2- Irish building supplies group CRH has agreed to pay 6.5 billion euros for assets Lafarge and Holcim were obliged to sell ahead of their planned merger. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak demand.

  • CRH to buy Lafarge, Holcim assets for $7.3B Monday, 2 Feb 2015 | 1:42 AM ET
    Construction crews work on a freeway overpass along Highway 101 in Novato, California.

    Irish building supplies group CRH said it had agreed to pay $7.35 billion for assets Lafarge and Holcim had to sell ahead of their planned merger.

  • *Lafarge and Holcim selling assets as part of merger. DUBLIN, Feb 1- Irish building supplies group CRH said on Sunday it had agreed to pay 6.5 billion euros for assets Lafarge and Holcim were obliged to sell ahead of their planned merger. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak...