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Country-Plan Projects and Tenders |
| 7494 Subject |
543 مليون دولار قيمة الصفقة الجديدة لاسهم شركة السويس للاسمنت لمستثمرين عرب واخرين Ciments Francais, S.A. in cooperation with Mr. Hesham El Soweidi [of Saudi Arabia] and a group of other Egyptian, Arab and foreign investors have offered to buy out 42,191,139 shares representing 65.92 % of the capital of Suez Cement Co. SAE at a price of $ 12.87 per share. |
| Date Published | Monday, December 06, 2004 |
| Source Name | Al-Akhbar |
| Location Name | Suez |
| Description |
Ciments Francais, S.A. in cooperation with Mr. Hesham El Soweidi [of Saudi Arabia] and a group of other Egyptian, Arab and foreign investors have offered to buy out 42,191,139 shares representing 65.92 % of the capital of Suez Cement Co. SAE at a price of $ 12.87 per share. Deal is worth $ 543 million [about L.E. 3,377 million]. Advisor of the buyers is EFG - Hermes. Offer is valid for 10 days, i.e. till the end of Thursday 12/16/2004. Offer confirms the huge interest of foreign investors in Egypt cement industry sector. Worth indicating is that Ciments Francais owns already at present 43.1 % of the capital of Suez Cement. |
| Sectors Section |
Beneficiary Sectors - Industry Cement |
