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Yura sells its stake in Chile’s CBB for US$100m

Yura Chile

Yura Spa, a subsidiary of Grupo Gloria, has sold its 19.71% stake in Chile’s cement producer Cementos Bio Bio (CBB) to Belgium’s Carmeuse Holding for more than US$100 million. The deal follows Carmeuse’s successful takeover bid and aligns with the…

India’s Birla plans Rs 4,335 Cr cement expansion

BirlaCorporation Satna plant

Birla Corporation Ltd, the flagship company of India’s M P Birla Group, announced plans to strengthen its core cement business with a proposed capital expenditure of Rs 4,335 crore. The company operates four cement plants in Satna (photo), Chanderia, Durgapur…