Lafargeholcim Ltd (LHN.PA)
16 Mar 2018
ZURICH LafargeHolcim's new chief executive set out his plan on Friday to revive the company's fortunes by cutting costs, selling assets and focusing on fewer markets as the world's biggest cement maker announced a $4 billion write off. | Video
* Shares fall more than 7 percent (Adds comparison with rivals, details from CEO, share price)
Ambuja Cement Ltd slid as much as 4.8 percent and ACC Ltd fell as much as 2.2 percent after the companies said late on Monday that they were putting on hold a proposed merger.
Feb 27 India's Ambuja Cement Ltd slid as much as 4.8 percent and ACC Ltd fell as much as 2.2 percent after the companies said late on Monday that they were putting on hold a proposed merger.
ZURICH LafargeHolcim has bought Kendall Group, an aggregates and ready mix concrete maker in southern Britain, in the first acquisition by the Swiss company's Chief Executive Jan Jenisch since he took charge last September.
* LAFARGEHOLCIM TO INVEST CHF 200 MILLION TO DRIVE FURTHER GROWTH IN INDIA
* CEMATRIX - LAFARGE CANADA RE-AFFIRMED COMMITMENT TO CO, INCLUDING "INCREASED SALES & MARKETING SUPPORT" FOR DEVELOPING CELLULAR CONCRETE MARKETS IN CANADA Source text for Eikon: Further company coverage:
ZURICH, Dec 15 LafargeHolcim is revamping its management structure to make countries more accountable for results, the world's largest cement maker said on Friday, in a bid to boost growth and performance.
JOHANNESBURG South African cement producer PPC is not currently interested in selling or buying assets, its chairman said on Thursday, after ending talks about a possible takeover by Swiss group LafargeHolcim .
ZURICH LafargeHolcim has ended talks with South African cement maker Pretoria Portland Cement (PPC) about a possible deal, the Swiss group said on Wednesday.