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News Suez Cement appoints Grant Thornton Financial Consulting as financial advisor ahead of share evaluation

Suez Cement appoints Grant Thornton Financial Consulting as financial advisor ahead of share evaluation

Written by Global Cement staff 07 October 2020
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Egypt: Suez Cement has approved the appointment of Grant Thornton Financial Consulting as a financial advisor as it prepares for a fair value study of its shares. This follows a desire expressed by Heidelberg Cement France, the parent company of Simon France. which directly and indirectly owns 55% of Suez Cement shares, for the submission of a bid to fully buy the company’s shares, according to the Daily News Egypt newspaper. In late September 2020 Suez Cement approved the launch of a tender offer to acquire a 100% stake in its subsidiary, Egyptian Tourah Portland Cement.

Published in Global Cement News
Tagged under
  • Egypt
  • Suez Cement Group
  • corporate
  • HeidelbergCement
  • France
  • Simon France
  • GCW476
  • Shares

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