Saint-Gobain acquires Drymix from Orascom Construction for EGP 785.3M

Saint-Gobain acquired 100% of United Paints and Chemicals (Drymix), a cement subsidiary of Orascom Construction, for EGP 785.3 million.

“Orascom Construction (OC) subsidiary United Holding Company has sold its 100%-owned cement subsidiary United Paints and Chemicals (Drymix) to French glass and building materials manufacturer Saint-Gobain in a transaction valued at EGP 785.3 mn”enterpriseam.com

• 3 sources
• enterpriseam.comOrascom Construction offloads cement arm to French manufacturerJun 26, 2023
• investegate.co.ukAcquisition | Company Announcement | InvestegateInvestegateJun 26, 2023
• africanlawbusiness.comSaint-Gobain gains Drymix - African Law & BusinessAuthor(s) Robert Li Global Legal GroupJul 24, 2023

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