M&A WATCH- Helwan Cement to sell white plant to Emaar for EGP 694.5 mn: Helwan Cement reached an agreement to sell its white cement plant to Emaar Industries for EGP 694.5 mn, according to a bourse filing (pdf) by its parent company Suez Cement on Thursday. Helwan Cement will split off the company owning the plant, which will then be sold off to Emaar. The transaction was announced in September.

Advisors: Suez Cement was advised by EFG Hermes (financial advisor) and Zulficar and Partners (legal counsel).

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