HeidelbergCement to sell White Cement plant in Minya, Egypt to Emaar Industries

HeidelbergCement's subsidiary Helwan Cement agreed to sell its White Cement plant in Minya, Egypt, to Emaar Industries. The deal is valued at an EV/EBITDA multiple of 10.9x, with closing expected in Q4 2018 or Q1 2019.

“As a niche product with small volumes, the standalone production of white cement does not fit to the strategic focus on efficiency of HeidelbergCement.”heidelbergmaterials.com

• 1 source
• heidelbergmaterials.comHeidelbergCement to sell White Cement plant in Egypt | Heidelberg MaterialsSep 21, 2018

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