Pakistan: Pioneer Cement has signed a memorandum of understanding to buy Galadari Cement (Gulf). Galadari Cement has been building its plant at Hub Choki in Balochistan since 1998, according to the News International newspaper. The unit is 50% complete. No amount for the sale has been disclosed but it is estimated to be around US$66m.
Pioneer Cement signs deal to buy Galadari Cement
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