# 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.

- Type: Acquisition
- Announced: 2022-04-13
- Where: Egypt
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Vicat](https://endata.com/companies/16215.md) (acquirer)
- [Sinai Cement](https://endata.com/companies/62293.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news/analysis/14642-update-on-egypt-april-2022), 2022-04-13: "Vicat’s plans to buy another 42% stake in Sinai Cement became public this week."

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