Posts tagged 'cement'

M&A is back (ish)

Can it be a merger Monday if the big deal leaked on Friday?

Either way, the second quarter deal making was already off to a fast start before the cement makers got involved, according to Goldman Sachs, and Europe is finally starting to join in the fun.

A week into 2Q, M&A announcements continued at a brisk pace (+21%y/y) while completions also saw gradual improvement (+7% y/y). While the year to date strength in M&A has been primarily driven by the US (+21% y/y), we have seen notable improvement in selected pockets of EU deal flow. Specifically, EU buyers’ appetite have seen sizable growth (+38% y/y), though more in favor of cross-border purchases (2x vs. 2013TD) relative to domestic consolidation (+27% y/y).

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It was the cement’s fault

BP has published its internal investigation report into the Deepwater Horizon rig disaster in the Gulf of Mexico on 20 April 2010.

The conclusion? Read more

Just a regular cement deal on Aim?

Aim, London’s junior market, just never disappoints when it comes to weird and wonderful corporate stories.

The latest concerns Prosperity Minerals, which owns an iron ore trading operation in China and stakes in several Chinese cement businesses. Read more

China will crush overcapacity!

Here’s how FT Alphaville celebrates 60 years of Chinese Communist Party rule — with a bit more detail on the State Council of China’s mandate to curb industrial overcapacity, as announced on Tuesday.

From Exane BNP Paribas analysts Su Zhang and Arnaud Pinatel: Read more

Chart of the Day, cement edition

Annual production of cement by country in billions of metric tonsVia The Oil Drum, here’s a “Pretty Stunning Graph of World Cement Production”.

As the Drum’s “Professor Goose” – aka Kyle Saunders, associate professor of political science at Colorado State University – notes: Read more