INVESTMENT WATCH- France’s Vicat Group planning to invest USD 50 mn, increase its stake in Sinai Cement. Sinai Cement’s majority shareholder, Vicat Group, is planning to invest USD 50 mn to reverse its subsidiary’s losses, Managing Director Gianfranco Tantardini said, Al Borsa reported. Vicat — which acquired 40% of Sinai Cement in 2003 — is also looking to increase its stake in the Egyptian company. According to Tantardini, Vicat is waiting on government approval to waive the 45% foreign ownership limits for the transaction to take place.

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