Vicat Cement Egypt to acquire remaining stake in Sinai Cement

Vicat Cement Egypt has received approval from the Financial Regulatory Authority to acquire a 42.12% stake in Sinai Cement Co at EGP6.74 per share, increasing its ownership to 100%.

“The Financial Regulatory Authority (FRA) has approved the publication of a disclosure of an acquisition offer by Vicat Cement Egypt for a 42.12 per cent stake in Sinai Cement Co at EGP6.74 (US$0.36) per share.”cemnet.com

• 1 source
• cemnet.comVicat Cement Egypt's acquisition of Sinai Cement approvedApr 14, 2022

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