construction materials

Holcim’s Xella Moves to Acquire Remaining Stake in Serbian Producer Rapid

Xella Serbia has launched a bid to acquire the remaining minority stake in Apatin-based building-materials producer Rapid, following Holcim’s €1.85 billion acquisition of Xella. Xella Serbia currently controls about 73.15% of Rapid and is offering RSD 494 per share for the remaining 87,625 shares, representing approximately 26.85% of the company. The offer values the minority stake at around RSD 43.3 million (€369,000) and puts Rapid’s implied equity value at approximately €1.37 million. The takeover offer is open for a defined…