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.
Italcementi exits Turkey
Written by Global Cement staff
Published in
Global Cement News
Tagged under
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
URL: https://globalcement.com/news/item/772-italcementi-exits-turkey
© 2024 Pro Global Media Ltd. All rights reserved.