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Sign of the times for cement
Suez Cement is going to go private after trying to buy out as many minority shareholders as possible. Shareholders sold…
Suez Cement to delist from Egypt’s stock exchange
Suez Cement and its subsidiary Tourah Cement are planning to delist their shares on the EGX, after both companies’ board…
Suez MTO for 100% of Tourah Cement kicks off today
Shareholders in Portland Tourah Cement Company (Tourah Cement) will be able to subscribe to a mandatory tender offer by parent…
Egypt’s FRA approves HeidelbergCement, Suez Cement MTOs for subsidiaries
M&A WATCH- HeidelbergCement and Suez Cement’s MTOs for the remaining stakes in their subsidiaries got the regulatory greenlight from the…
Suez Cement submits MTO for 100% of subsidiary Tourah Cement
M&A WATCH- HeidelbergCement looks to acquire 100% of subsidiary Suez Cement: Suez Cement’s German parent company HeidelbergCement has submitted a…
Earnings Watch- Cleopatra Hospitals Group, Pioneers Holding, Suez Cement, Sidi Kerir for Petrochemicals
EARNINGS WATCH- Cleopatra Hospitals Group reports a 67% y-o-y decline in 2Q2020 net profits to EGP 14 mn, down from…
Five cement factories could close this year as covid-19 compounds sector’s woes
Four or five of Egypt’s two dozen cement factories could be forced to close in the coming months, as the…
Yasser El Naggar appointed chairman of Suez Cement
MOVES- Suez Cement has appointed EN Investment CEO Yasser El Naggar as chairman succeeding Hayrullah Hakan Gürdal, according to a…
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