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8190 Subject |
357 مليون دولار قيمة الصفقة لاسهم السويس للاسمنت Cement De France, affiliated to Italcementi of Italy, in cooperation with Egyptian & Arab investors, buying out 21,362,573 shares of Suez Cement Co. in a deal worth $ 357.2 million. |
| Date Published | Thursday, March 24, 2005 |
| Source Name | Al Hayat |
| Location Name | Country Wide |
| Description | Cement De France, affiliated to Italcementi of Italy, in cooperation with Egyptian & Arab investors, buying out 21,362,573 shares of Suez Cement Co. in a deal worth $ 357.2 million. Deal was effected at L.E. 97 price per share after an earlier offer of L.E. 80 per share has been rejected. Media reports quoted CEO of Italcementi revealing his group intentions to invest up to $ 350 million over the next 8 years to revamp both Suez Cement Co. and its affiliate Tora Portland Cement Co. |
| Sectors Section |
Beneficiary Sectors - Industry Cement - Economy Economy |
