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News Raysut Cement buys Sohar Cement for US$60m

Raysut Cement buys Sohar Cement for US$60m

Written by Global Cement staff 21 May 2019
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Oman: Raysut Cement Company has signed an agreement to buy Sohar Cement for US$60m. The transfer of ownership for all the shares in the company was completed in mid-May 2019, according to the Oman Daily Observer newspaper. Sohar Cement held a 70% stake in a 1.7Mt/yr grinding plant and UAE-based Fujairah Cement Company owned the rest of the shares.

Last modified on 22 May 2019
Published in Global Cement News
Tagged under
  • Oman
  • Raysut Cement
  • Sohar Cement
  • grinding plant
  • Acquisition
  • UAE
  • Fujairah Cement Industries
  • GCW405
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