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Vulcan Materials to buy Aggregates USA LLC for $900 mln

Thursday, 25 May 2017 06:30am EDT

May 25 (Reuters) - Vulcan Materials Co :Vulcan announces agreement to acquire Aggregates USA LLC.Deal for $900 million in cash.Vulcan Materials Co says expects transaction to be accretive to company's earnings per share in first year following close.Reached a definitive agreement with SPO Partners to acquire its Aggregates business, Aggregates USA LLC.Acquisition complements and expands Vulcan's service offerings in Georgia with three granite quarries.Acquisition includes 12 limestone quarries in Eastern Tennessee and Southwest Virginia.Vulcan may divest several quarries in Tennessee to a third party in order to expedite regulatory approval process.

Future Bright Mining says will commence new business segment on trading of commodities

Tuesday, 23 May 2017 04:44am EDT

May 23 (Reuters) - Future Bright Mining Holdings Ltd <2212.HK>:Group will commence a new business segment on trading of commodities which are mainly metal ore products.Group intends to finance commodities trading business by its own internal resources.Expect that new trading business will contribute positively to group's overall results for fy ending 31 december 2017.

India's Grasim Industries March-qtr consol profit up marginally

Friday, 19 May 2017 05:32am EDT

May 19 (Reuters) - Grasim Industries Ltd :March quarter consol net profit 10.64 billion rupees.March quarter consol total income 114.09 billion rupees.Consol profit in march quarter last year was 10.55 billion rupees as per Ind-AS; consol total income was 107.64 billion rupees.Recommended dividend of 5.50 rupees per share.Says transaction with Aditya Birla Nuvo is expected to be completed by Q2 FY18..Says company’s brownfield expansion at Vilayat is on track.Says company’s commissioning of Vilayat plant is expected by q4fy18.Says company is in the process of debottlenecking of its plants to meet the growing demand for VSF business.


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