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News Huaxin Cement to acquire further 5.1% stake in Oman Cement

Huaxin Cement to acquire further 5.1% stake in Oman Cement

Written by Global Cement staff 03 July 2023
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Oman: Huaxin Cement informed the Muscat Stock Exchange of its intent to buy a further 5.1% stake in Oman Cement on 3 July 2023. Zawya News has reported that this would increase the China-based group's stake in Oman Cement to 64.7%. It acquired its existing 59.6% in the producer for US$193m earlier in 2023, but subsequently revised the price to US$200m.

Last modified on 05 July 2023
Published in Global Cement News
Tagged under
  • Oman
  • Huaxin Cement
  • Oman Cement
  • Acquisition
  • Stake
  • Shares
  • Investment
  • growth
  • GCW615

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