Displaying items by tag: BINA Group
Carthage Cement goes on sale
20 December 2017Tunisia: The government and Bina, the controlling shareholders of Carthage Cement, are selling a majority stake in the cement producer via public tender. The two investors own a 50.52% stake of the company. The cement producer operates a 2.2Mt/yr plant at Djebel Ressas. Expressions of interest are being accepted until 16 February 2018.
Tunisia: Al Karama Holding, a state-owned company, has initiated a bidding process to sell its stake in Carthage Cement. The company has started a consultation process with investment banks and consultation firms to help it sell its direct and indirect stakes in BINA Group, that includes Carthage Cement, according to the African Manager website. The deadline for bids is 16 June 2017. The government owns an estimated 41% share of the cement producer.