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...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...India’s Jaiprakash Associates has agreed to sell its cement plants to UltraTech Cement, part of the Aditya Birla group, for the equivalent of $2.4bn in the latest deal by an indebted corporation to cut its...
...Mortgages accounted for 62.5 per cent of new loans by China Construction Bank, another big four lender, while those to businesses such as steel, cement and shipbuilding fell 26.4 per cent....
...The takeover comes just one month after another UK mid-cap industrial group, beverage-can maker Rexam, was acquired by its US-based rival Ball Corporation in a £4.3bn cash-and-shares deal....
...They also support China’s exports of both goods and services, helping the country find outlets for its excess productive capacity in sectors that have the most need of outlets – for example, cement and steel...
...one subsidiary, Ambuja Cement....
...Guangshan Railway, CSR Corporation and China Railway Construction are on the list of possible winners....
...The hardest hit companies are those linked to the construction and infrastructure sectors, including machinery makers, steel mills, coal and cement companies....
...In Shanghai, electronics and construction-related stocks rose on hopes of more monetary easing....
...And quality checks are extremely strict,” said a crew boss from the China Railway Engineering Corporation, the state-owned enterprise that has laid most of the nation’s rail tracks....
...The stimulus and accompanying easy credit fuelled construction, in turn driving up demand for energy-intense products such as steel, and so boosting heavy industry....
...China State Construction Engineering Corp and BBMG on Thursday demonstrated the strength of appetite for Shanghai and Hong Kong initial public offerings after the construction groups’ IPOs were heavily subscribed...
...In Hong Kong, Anhui Conch Cement, a big mainland concrete supplier, added one-third in value to HK$36.00 and Aluminum Corporation of China, or Chalco, was 21.4 per cent higher at HK$3.52....
...Manufacturers of construction materials helped boost European equities Monday as France’s Lafarge reopened takeover interest in the sector....
...Carlyle hit political and regulatory walls when trying to invest in the Chinese banking sector and in Xugong, the mainland’s largest maker of construction machinery....
...Far Eastern Textile and Asia Cement – both part of the Far Eastern Group, a conglomerate with interests in textiles, retail, telecoms, construction, financial services, petrochemicals and transport – have...
...Gravel was the sexy sector of the day on news of talks over a proposed bid by Holcim, the Swiss cement maker, for Aggregate Industries at 138p a share plus a 2p dividend....
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