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News Ciments Français to sell 51% share in Afyon Çimento Sanayi TAS

Ciments Français to sell 51% share in Afyon Çimento Sanayi TAS

Written by Global Cement staff
30 June 2011
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France/Italy/Turkey: French cement maker Ciments Français has said that it will sell its 51% stake in Turkish Afyon Çimento Sanayi TAS. The French company, part of the Italcementi group, has mandated Mediobanca to be its financial adviser in assessing and carrying out the potential sale of its stake.

In February 2011 Ciments Français started divesting assets in Turkey with the sale of Set Group Holding to diversified Turkish group Limak Holding. After the latest strategic move in Turkey, Mediobanca does not rule out that Italcementi may leave markets on which it has minor presence, such as China, Kazakhstan and Saudi Arabia.

Last modified on 22 November 2011
Published in Global Cement News
Tagged under
  • France
  • Turkey
  • Italy
  • Ciments Français
  • Turkish Afyon Çimento Sanayi TAS
  • Italcementi
  • Mediobanca
  • Stake

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