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News Votorantim Cimentos to sell Tunisian assets to Sinoma Cement

Votorantim Cimentos to sell Tunisian assets to Sinoma Cement

Written by Global Cement staff 29 July 2024
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Tunisia: Votorantim Cimentos has signed an agreement to sell its Tunisian assets to China-based Sinoma Cement for US$130m, according to Yicai Global. The deal's completion depends on regulatory approvals from China, Tunisia and the Common Market for Eastern and Southern Africa (Comesa).

All of Votorantim Cimentos' plants and offices in Tunisia will continue to operate as usual during the regulatory review.

Last modified on 31 July 2024
Published in Global Cement News
Tagged under
  • Tunisia
  • Votorantim Cimentos
  • Sinoma Cement
  • Assets
  • agreement
  • China
  • Divestments
  • GCW670
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