# Qalaa Holdings to sell stake in Zahana to GICA

Qalaa Holdings signed an MoU to sell its stake in Algerian cement company Zahana to state-owned Groupe Industriel des Ciments (GICA). The transaction is expected to complete in the first half of 2019.

- Type: Acquisition
- Announced: 2018-11-08
- Where: Algeria
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Qalaa Holdings](https://endata.com/companies/33034.md) (target)
- [Groupe Industriel des Ciments](https://endata.com/companies/35381.md) (acquirer)
- [Zahana](https://endata.com/companies/35382.md) (target)

## Sources

- [enterpriseam.com](https://enterpriseam.com/egypt/2018/11/08/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019/), 2018-11-08: "The transaction should be complete in 1H2019, Qalaa said."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.