Displaying items by tag: Asamer Baustoffe
Rohrdorfer's purchase of 49% stake in Asamer under extended review
27 February 2024Austria: Rohrdorfer’s proposed acquisition of a 49% stake in building materials producer Asamer has entered an extended review phase. The parties registered the deal with the Austrian Federal Competition Authority (BWB) on 10 January 2024. Due to competition concerns, the BWB applied to a court for an in-depth investigation on 21 February 2024.
Bosnia & Herzegovina: Hungary-based Talentis International Construction completed its acquisition of Lukavac Cement at the end of December 2023. SeeNews has reported that the conglomerate first signed a letter of intent with Lukavac Cement’s former owner, Austria-based Asamer Baustoffe, in mid-2023.
The acquisition adds Lukavac Cement’s 650,000t/yr Lukavac cement plant and Vijenac limestone mine to Talentis International Construction’s existing Southeast European assets, situated in Croatia and Romania.
Bosnia & Herzegovina: Hungary-based Talentis Group and Austria-based Asamer Baustoffe have signed a letter of intent giving the former exclusive negotiation rights in the sale of Lukavac Cement. The subsidiary of Asamer Baustoffe operates the 650,000t/yr integrated Lukavac cement plant in Tuzla Canton. It also controls the nearby Vijenac limestone mine.
Talentis Group already holds foreign assets in Croatia and Romania.