Vicat to buy additional 42% stake in Sinai Cement

Vicat plans to buy another 42% stake in Sinai Cement, which would bring its ownership to 98% of the Egyptian company. A settlement agreement was signed in March 2022 between the Egyptian government and Vicat, resolving a previous investment dispute.

“Vicat’s plans to buy another 42% stake in Sinai Cement became public this week.”globalcement.com

• 1 source
• globalcement.comUpdate on Egypt, April 2022David Perilli, Global CementApr 13, 2022

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