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...The Lafarge transaction gave Sawiris a front-row seat for the French group’s 2015 merger with Swiss rival Holcim that created the world’s largest cement company....
...Holcim shares rose around 5 per cent on Monday. By 2030, the separated US business is forecast to be around 60 per cent of the broader Holcim group....
...Holcim’s shares subsequently struggled to gain ground....
...Formed from the merger of Switzerland’s Holcim and France’s Lafarge close to a decade ago, Holcim has been among building materials groups that have fallen out of favour with more climate-conscious investors...
...Big share price moves in Europe today include Swiss cement giant Holcim, German pharmaceuticals group Bayer, and Dutch conglomerate Philips....
...Holcim’s shares have struggled to gain ground since....
...Endeavour was used to buy Holcim’s shareholdings....
...Two climate damages test cases against alleged corporate polluters — one filed against the energy giant RWE and one against cement maker Holcim — are already under way and are being closely watched....
...The island residents aim to hold Holcim liable for its pollution and are seeking compensation for “climate damages”....
...Ambuja Cements, which Adani bought last year from Holcim Group, is acquiring 57 per cent of the shares in Sanghi. The deal gives Gujarat-based Sanghi an enterprise value of Rs50bn ($605mn)....
...Adani’s Ambuja Cements, which his group bought last year from Switzerland-headquartered Holcim for $10.5bn, is acquiring 57 per cent of the shares in Gujarat-based Sanghi from its existing family owners,...
...But with the backing of Holcim and Foster’s Madrid-based foundation, this latest effort does seem to have momentum behind it....
...Holcim, the world’s biggest cement maker, plans to win over climate-conscious investors by “decarbonising building” and raising sales from environmentally efficient or innovative building products by a half...
...to significantly cut its emissions by 2030 — another case considered momentous at the time and which inspired similar, ongoing cases against French energy company TotalEnergies and Swiss cement producer Holcim...
...What could luxury fashion house Prada possibly have in common with the likes of gritty cement maker Holcim? Or Ferragamo with aluminium producer Alcoa?...
...But the French company, which inherited the asset when it bought Egyptian construction group Orascom in 2008 and has since merged with Swiss rival Holcim, kept a stake until 2017 and would regularly send...
...of Michigan consumer confidence index Results: Air France-KLM Q3, Aker BP Q3, Aon Q3, AutoNation Q3, Chevron Q3, Colgate-Palmolive Q3, Danske Bank Q3, Electrolux Q3, Eni Q3, EquinorQ3, ExxonMobil Q3, Holcim...
...Some of the companies involved have faced scrutiny over the effect of their activities on water resources and ecology, such as Danone, Nestlé and the cement group Holcim....
...Andrew Hoffman is the Holcim (US) professor of sustainable enterprise at the University of Michigan’s Ross School of Business and the School for Environment and Sustainability Over the past three decades...
...When Magali Anderson, chief sustainability and innovation officer at Swiss cement maker Holcim, recruits for a role on her team, between 50 and 100 people normally apply....
...Holcim said the offer valued Ambuja Cement at Rs385 a share and ACC at Rs2,300....
...Though the direction is sensible, progress is unlikely to be fast enough to cement Holcim’s green credentials....
...Holcim recently announced that its low-carbon concrete is being used in new data centres for Amazon’s web services division....
...Adani’s $10.5bn deal for Holcim’s Indian assets Ambuja Cement and ACC, a subsidiary, was India’s biggest-ever infrastructure and materials acquisition and made Adani India’s second-biggest cement player...
...The transaction would involve Holcim exiting India after more than a decade in the market. Holcim has been disinvesting from international businesses as it focuses on diversifying in core markets....
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