Egyptian Financial Regulatory Authority approves Suez Cement’s Tourah Portland Cement acquisition

Print this page

Egypt: The Financial Regulatory Authority (FRA) has approved HeidelbergCement and Simon France subsidiary Suez Cement’s mandatory tender offer (MTO) for acquisition of a 100% stake in Egyptian Tourah Portland Cement for US$32.7m. Daily News Egypt has reported that the FRA also approved a change to Suez Cement’s ownership, with HeidelbergCement France acquiring a 33% stake in the company.

Last modified on 21 October 2020


© 2021 Pro Global Media Ltd. All rights reserved.