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Stock Market & Financial Investment News

News Breaks
January 25, 2013
13:05 EDTCXCEMEX downgraded Hold from Buy at Standpoint Research
News For CX From The Last 14 Days
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April 10, 2014
09:06 EDTCXBlackstone reaches a financial closing for Ventika
Fisterra Energy, a company majority owned by funds managed by Blackstone (BX), and Blackstone Energy Partners, announced it has reached a financial closing for Ventika. Ventika will be located in the northeastern Mexican state of Nuevo Leon and is comprised of two 126 megawatt wind farms with total capacity of 252MW. Once completed the project will alleviate significant demands on Mexico’s existing power infrastructure, helping Mexico reduce pollution and CO2 emissions, and meet its target of achieving 35% renewable generation by 2025. The $650M project is being jointly developed by CEMEX (CX) and Fisterra Energy. This investment funds the installation of 84 Acciona AW-3000 wind turbine generators, each with a hub height of 120 meters and a nominal output of 3MW per turbine. Construction of the project, which is scheduled to be completed in FY16, is expected to generate approximately 1K jobs and more than 2K additional jobs in related industries.
April 7, 2014
05:42 EDTCXHolcim, Lafarge confirm intention to combine via merger of equals
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April 6, 2014
14:38 EDTCXEuropean cement makers Lafarge, Holcim approve $50B merger, WSJ says
Two of the world's largest cement makers, France's Lafarge (LFRGY) and Switzerland's Holcim agreed to a $50B merger, says the Wall Street Journal. The cement companies' boards met separately on Saturday and approved the deal, added the Wall Street Journal. Other names in the cement and buildings materials space include Vulcan Materials (VMC), Martin Marietta (MLM), Texas Industries (TXI), Eagle Materials (EXP) and CEMEX (CX). Reference Link
April 4, 2014
10:23 EDTCXCement names rise after report of industry giants exploring merger
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10:11 EDTCXCEMEX, Martin Marietta, Vulcan rally after Bloomberg report of cement deal
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10:01 EDTCXLafarge, Holcim in talks to explore merger, Bloomberg reports
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