华新水泥完成收购非洲水泥企业

Core Viewpoint - The company, Huaxin Cement, has announced the acquisition of 100% equity stakes in two companies, Caricement B.V. and Davis Peak Holdings Limited, through its wholly-owned subsidiaries, with a total transaction value of approximately $838.13 million, adjusted to $773.86 million after customary adjustments [1] Group 1 - Huaxin Cement's wholly-owned subsidiary, Huaxin (Hainan) Investment Co., Ltd., is the buyer for Caricement B.V., while Huaxin (Hong Kong) International Holdings Limited is the buyer for Davis Peak Holdings Limited [1] - The equity acquisition agreements were signed conditionally, with both buyers agreeing to purchase and sellers agreeing to sell the respective companies [1] - The completion of the equity transfer occurred on August 29, 2025, resulting in the acquired companies becoming indirect wholly-owned subsidiaries of Huaxin Cement [1] Group 2 - The total transaction price was initially set at $838.13 million, which can be adjusted downwards based on the equity acquisition agreement's value reduction clauses [1] - After customary adjustments, the final payment made by the buyers was $773.86 million [1] - The financial performance of the acquired companies will be consolidated into Huaxin Cement's financial statements following the completion of the acquisition [1]