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.
Raysut Cement buys Sohar Cement for US$60m
URL: https://globalcement.com/news/item/9300-raysut-cement-buys-sohar-cement-for-us-60m
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