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News Vicat increases Sinai Cement stake

Vicat increases Sinai Cement stake

Written by Global Cement staff 13 December 2022
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Egypt: France-based Vicat’s stake in Sinai Cement has risen to 67% from 51%. The group purchased US$5.65m-worth of additional shares in the producer from separate investors on 13 December 2022. Reuters News has reported that shareholder Arab Industrial Investment sold its 6.6% stake for US$2.29m.

Last modified on 14 December 2022
Published in Global Cement News
Tagged under
  • Egypt
  • Sinai Cement
  • VICAT
  • Stake
  • shareholders
  • Acquisition
  • Deal
  • Arab Industrial Investment
  • investor
  • GCW587
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