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News Italcementi exits Turkey

Italcementi exits Turkey

Written by Global Cement staff
16 February 2012
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Turkey: Italcementi has announced that it has reached an agreement to sell 51% of its Afyon Turkish unit to Cimsa Cimento Sanayi ve Ticaret AS for Euro25m. The stake and the payment will be done at the closing of the operation, which has to be cleared by antitrust authorities. With the closing of this deal, and following the 2011 divestment of Set Group, Italcementi will be left without any presence on the Turkish market as a cement producer.

Last modified on 22 February 2012
Published in Global Cement News
Tagged under
  • Turkey
  • Ciments Français
  • Italcementi
  • Cimsa
  • Sales
  • GCW37

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