Jamaica rejects offer for Carib Cement

Article Abstract:

Three bids for the Jamaican Government's 180.46 million shares of Carib Cement have been turned down. The government, which holds 43% of the company, has asked UK-based Rugby, Mexico-based Cemex and Trinidad Cement to submit new bids for Jamaica's unprofitable monopoly. Cemex's initial per-share bid totaled J$4.05, compared to Trinidad Cement's and Rugby's respective offers of J$3.20 and J$2.20. The National Investment Bank apparently did not list a reason for rejecting the bids.

Asset sales & divestitures, Acquisitions & mergers, Facilities & equipment, Cement, hydraulic, Cement, Cement Manufacturing, Jamaica, Mergers, acquisitions and divestments, Cement industry, Cemex S.A. de C.V., Carib Cement, Rugby PLC, Trinidad Cement Ltd.

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Poland completes KGHM copper sale

Article Abstract:

The initial public offering of Poland's KGHM Polska Miedz has been completed with the sale by the treasury of 65 million shares, representing 32.5% of the organisation. The sale proceeds amounted to $410 million. Some 49% of KGHM's shares will be retained by the treasury, with the remaining 15% being give to former and current employees. Separately, Poland's two largest oil refineries, the Gdansk refinery and the Plock refinery, are to be privatized by Polska Nafta

Copper Mines, Copper Ore and Nickel Ore Mining, Petroleum Refineries, Petroleum refining, Copper ores, Management, Copper mining, Copper industry, Poland, Securities, Government business enterprises, Public enterprises, KGHM Polska Miedz S.A., Polska Nafta

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