Latest:
NEWSBRIEF
00:00 04 Nov 1998
|
Bouygues wins contract worth £300m
Bouygues, the French construction group, has won a contract in Hong Kong worth £300 million. The project involves building two railway tunnels on the West Rail project, linking the New Territories with Kowloon.
Shepherd Homes buys George Longden
Shepherd Homes has acquired fellow housebuilder group George Longden. In 1992, Longden was the subject of a management buy-out. It sells 100 properties a year and employs around 60 people.
Trafalgar house sold for £90m
Kvaerner has sold Trafalgar House Property for £90 million. The troubled UK-Norwegian conglomerate is selling non-core assets to reduce its £940 million debt burden. Trafalgar sold its UK housebuilding division, Ideal Homes, to Persimmon in 1996 for £170 million, in a bid to cut debts.
Blue circle expands in Malaysia
Blue Circle's two major purchases leave it poised to take 48 per cent of Malaysia's cement market. It is to buy Kedah Cement, which has an 18 per cent market share. Two weeks ago, Blue Circle lifted its stake in APMC, the top Malaysian producer, from 50 to 100 per cent. The total bill runs to £565 million - £265 for the investments, plus £240 million of acquired debt.
Bouygues, the French construction group, has won a contract in Hong Kong worth £300 million. The project involves building two railway tunnels on the West Rail project, linking the New Territories with Kowloon.
Shepherd Homes buys George Longden
Shepherd Homes has acquired fellow housebuilder group George Longden. In 1992, Longden was the subject of a management buy-out. It sells 100 properties a year and employs around 60 people.
Trafalgar house sold for £90m
Kvaerner has sold Trafalgar House Property for £90 million. The troubled UK-Norwegian conglomerate is selling non-core assets to reduce its £940 million debt burden. Trafalgar sold its UK housebuilding division, Ideal Homes, to Persimmon in 1996 for £170 million, in a bid to cut debts.
ADVERTISEMENT
Blue circle expands in Malaysia
Blue Circle's two major purchases leave it poised to take 48 per cent of Malaysia's cement market. It is to buy Kedah Cement, which has an 18 per cent market share. Two weeks ago, Blue Circle lifted its stake in APMC, the top Malaysian producer, from 50 to 100 per cent. The total bill runs to £565 million - £265 for the investments, plus £240 million of acquired debt.
ADVERTISEMENT
Most Viewed Articles
ADVERTISEMENT