|
The government is asking the European Commission to refer to the OFT the takeover of Redland by Lafarge, as it believes there are competition concerns in the market for ready-mixed concrete. 28-Nov-1997 Redland has agreed terms for a £1.8bn takeover by Lafarge, the French building materials company, having decided that a complete sale would be preferable to selling parts of the business following the decline in the UK stockmarket. 26-Nov-1997 Saint Gobain of France is preparing a £800m bid for Redland's 56.5% stake in Redland Braas Building, its German roof tile business. 10-Nov-1997 Redland has said it would consider a full break-up of the group in order to improve value for shareholders, as it continues to fend off a £1.67bn hostile bid from Lafarge of France. 01-Nov-1997 Hanson is said to have ruled out making a counter bid for Redland, the aggregates company facing a hostile bid from Lafarge, as it would probably cause a problem with the Monopolies & Mergers Commission. 16-Oct-1997 Lafarge of France has launched a £1.67bn hostile takeover bid for Redland, a move which would create the world's largest aggregates group. 14-Oct-1997 Redland, the building materials company under pressure from shareholders, has admitted that it could be vulnerable to a takeover bid. 03-Oct-1997 Redland is selling Redland Route, the French road-surfacing business, to management for a nominal sum, and is negotiating a joint-venture deal for its French aggregates business, as part of a strategy to focus on core operations. 22-Sep-1997 Redland has won a major contract to supply Balfour Beatty Civil Engineering with most of its requirements for road surfacing materials. 26-Nov-1996 Redland has won approval from the German authorities to reorganise its European roofing tiles business by merging it with Braas to create a new business called RBB Group. 07-Nov-1996 Redland, the building materials concern, is to cut 700 jobs, mainly in Germany and France, due to difficult trading conditions. 27-Sep-1996 Redland Aggregates is facing a legal challenge from a local resident against its use of a secondary liquid fuel derived from chemical waste at its cement works in Derbyshire, despite the fact that the Environment Agency has approved the fuel. 28-Aug-1996 Redland, the building materials concern, is looking at ways to move back into South Africa later this year, and also aims to set up joint ventures in Brazil, Argentina, Chile and India. 13-Aug-1996 The government has cleared Ibstock's £160m acquisition of Redland's brick business, but has imposed tougher conditions than expected, saying that Ibstock must dispose of five factories producing a combined 168m bricks a year. 30-Jul-1996 Ibstock has said it will sell six brick plants in order to win approval for its proposed £160m acquisition of Redland's UK brick business. 12-Jul-1996 Redland has conceded defeat in its attempt to take over Ennemix, the quarrying concern, having gained acceptances for only 2.2% of the shares. 29-Apr-1996 Ibstock has bought Redland's UK bricks business for £160m, giving it 35% of the market. 26-Apr-1996 Redland has sold its European roof tiles operation to Braas, its German subsidiary, for £220m cash and at the same time increases its stake in Braas from 50.76% to 56.5%. 17-Apr-1996 Redland should soon announce plans to transfer its European roof tile business to Braas of Germany and to sell its UK brick operation. 29-Mar-1996 Redland has sold its 35% stake in Terca Brick Industries of Belgium, launched a bid for Ennemix, the UK aggregates company, and is looking for a buyer for its UK brick operations. 17-Feb-1996 Redland may sell its European roof tile business to Braas, its German subsidiary, in a deal which would see Redland increase its 50.8% stake in Braas. 06-Feb-1996 Redland may sell its bricks division, which has 17% of the UK market, in order to enable it to expand in roof-tiles and aggregates. 05-Feb-1996 Redland is acquiring a 29.9% stake in Ennemix, the east Midlands aggregates concern, and may make a full offer. 22-Dec-1995 Redland has sold 2 businesses - the calcium carbonates activities of Genstar Stone Products in the US, and its china clay operations near St Austell. 03-Oct-1995
|