# 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%.

- Type: Acquisition
- Announced: 2022-04-14
- Where: Egypt
- Value: $20.2M (377.9M EGP)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sinai Cement](https://endata.com/companies/62293.md) (target)
- [Vicat Cement Egypt](https://endata.com/companies/62316.md) (acquirer)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/172530/vicat-cement-egypt-s-acquisition-of-sinai-cement-approved.html), 2022-04-14: "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."

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