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News RAK White Cement encourages shareholders to accept UltraTech Cement’s offer to acquire stake

RAK White Cement encourages shareholders to accept UltraTech Cement’s offer to acquire stake

Written by Global Cement staff 11 June 2024
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UAE: The board of RAK White Cement has recommended that its shareholders accept a cash offer from UltraTech Cement for the acquisition of a further stake in the company. Global Cement News reported in May 2024 that UltraTech Cement had offered to acquire 32% of shares in the company. It previously acquired 29% in April 2024.

Last modified on 12 June 2024
Published in Global Cement News
Tagged under
  • UAE
  • RAK White Cement
  • UltraTech Cement
  • UltraTech Cement Middle East Investments
  • Aditya Birla
  • Stake
  • Acquisition
  • offer
  • board
  • GCW663
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