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News UltraTech Cement to acquire 70% stake in Duqm Cement

UltraTech Cement to acquire 70% stake in Duqm Cement

Written by Global Cement staff 01 February 2023
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Oman: Aditya Birla Group subsidiary UltraTech Cement signed an agreement with Seven Seas Company to acquire a 70% majority stake in Duqm Cement on 30 January 2023. ET Now News has reported that UltraTech Cement’s UAE-based subsidiary Cement Middle East Investments concluded the deal in the form of a share sale and purchase agreement. the parties expect to complete the transaction in late April 2023.

Published in Global Cement News
Tagged under
  • Oman
  • Aditya Birla
  • UltraTech Cement
  • Acquisition
  • India
  • Seven Seas
  • Duqm Cement
  • UAE
  • Cement Middle East Investments
  • GCW593

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