Nigeria’s biggest company by market capitalization, Dangote Cement (DANGCEM.LG), expects to double its cement production capacity across Africa this year to 40 million metric tons ( 44.092 million tons), its chief executive said on Monday. Devakumar Edwin told the Reuters Africa Investment Summit in the commercial hub of Lagos that […]

India’s Sun Pharmaceutical Industries Ltd (SUN.NS) said it will buy Ranbaxy Laboratories Ltd (RANB.NS) in a $3.2 billion all-share deal, creating the world’s fifth-largest generic drug maker from two firms struggling with quality issues in the lucrative United States market. Ranbaxy, India’s biggest drugmaker by sales and 63.4 percent owned […]

Swiss giant Holcim today said it is in “advanced discussion” with world’s largest cement producer Lafarge for a possible merger, which may lead to setting up of a mega cement company having presence across the world. “Holcim confirms that Lafarge and Holcim are in advanced discussions regarding a possible combination,” […]