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Al-Alam Al-Youm , Egypt.
2/22/2010 12:00:00 AM
ASEC Holding buy additional shares in ASEC CEMENT
The agreement reached 80 million USD, as Citadel capital obtained an additional share of 9.48% from ASEC CEMENT and by this raised their share to be 61.4%, ASEC CEMENT aim to build cement factories in 5 countries, the agreement based on evaluating the share price to be 14.68 EGP, which reflect a growth and development in ASEC CEMENT, as the company is moving steadily towards producing 12 million tons of cement annually by 2013.
Al-Alam Al-Youm 22 February 2010.jpg
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