# Cementir acquires additional 25.40% stake in Sinai White Portland Cement for EUR 30 million

Cementir Holding N.V., through its subsidiary Aalborg Portland Holding A/S, acquired an additional 25.40% stake in Sinai White Portland Cement Co. from a Vicat Group subsidiary for about EUR 30 million, increasing its indirect ownership to 96.5%.

- Type: Acquisition
- Announced: 2024-08-13
- Where: Sinai Peninsula, Egypt
- Value: $32.8M (30.0M EUR)
- Status: completed
- Capacity: 1.1 million tons per year of white cement
- Products: white cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cementir](https://endata.com/companies/20597.md)
- [Aalborg Portland](https://endata.com/companies/71394.md)
- [Vicat](https://endata.com/companies/16215.md) (partner)
- [Cementir](https://endata.com/companies/20597.md) (acquirer)
- [Sinai Cement](https://endata.com/companies/62293.md) (partner)
- [Aalborg Portland](https://endata.com/companies/71394.md) (acquirer)
- [Sinai White Portland Cement](https://endata.com/companies/75180.md) (target)
- [Sinai White Portland Cement Co. S.A.E.](https://endata.com/companies/79946.md) (target)

## Sources

- [cementirholding.com](https://www.cementirholding.com/index%2Ephp/en/media/whats-new/cementir-acquires-additional-2540-stake-its-egyptian-subsidiary-sinai-white), 2024-08-13: "Cementir Holding N.V. announces that its fully owned subsidiary Aalborg Portland Holding A/S has acquired an additional 25.40% stake in Sinai White Portland Cement Co. S.A.E. from Sinai Cement Company, a Vicat Group subsidiary, for about EUR 30 million."
- [cbmma.com.cn](https://www.cbmma.com.cn/cma/detail.html?contentId=853&id=82), 2024-09-20: "萨门特宣布全资子公司Aalborg Portland以约3000万欧元的价格从维卡集团子公司Sinai收购了Sinai White Portland Cement Co. S.A.E.另外25.4%的股份。"

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