{"id":600099,"date":"2019-01-20T04:09:21","date_gmt":"2019-01-20T04:09:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/frances-vicat-to-invest-eur-30-mn-in-egypt-business\/"},"modified":"2019-01-20T04:09:21","modified_gmt":"2019-01-20T04:09:21","slug":"frances-vicat-to-invest-eur-30-mn-in-egypt-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/frances-vicat-to-invest-eur-30-mn-in-egypt-business\/","title":{"rendered":"France\u2019s Vicat to invest EUR 30 mn in Egypt business"},"content":{"rendered":"

INVESTMENT WATCH- Vicat to invest EUR 30 mn in Egypt: <\/b>France-based cement producer Vicat Group<\/a>\u2019s Egypt arm is planning to invest an additional EUR 30 mn in Egypt, CEO Tamer Magdy said, according to Al Shorouk<\/a>. Magdy did not provide further details on the company\u2019s investment plans. Vicat, which entered the Egyptian market in 2003 through acquiring a 40% majority stake in Sinai Cement, had expressed its interest in 2017<\/a> in expanding its projects and investments in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Vicat to invest EUR 30 mn in Egypt: France-based cement producer Vicat Group\u2019s Egypt arm is planning to invest an additional EUR 30 mn in Egypt, CEO Tamer Magdy said, according to Al Shorouk. Magdy did not provide further details on the company\u2019s investment plans. Vicat, which entered the Egyptian market in 2003 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1002,72,125,131,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600099","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cement","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b20ae4c5-912e-40da-888c-7e5e3a5c9ac9","is_powered_by":true,"section_story_id":"59fc46ba-12ee-4fec-ae33-68a236e828f9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600080],"teaser":"","voice_url":""},"yoast_head":"\nFrance\u2019s Vicat to invest EUR 30 mn in Egypt business - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/frances-vicat-to-invest-eur-30-mn-in-egypt-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"France\u2019s Vicat to invest EUR 30 mn in Egypt business\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Vicat to invest EUR 30 mn in Egypt: France-based cement producer Vicat Group\u2019s Egypt arm is planning to invest an additional EUR 30 mn in Egypt, CEO Tamer Magdy said, according to Al Shorouk. Magdy did not provide further details on the company\u2019s investment plans. 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The transaction \u2014 worth around EGP 378 mn by our math \u2014 would bring Vicat\u2019s stake in the\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/197.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631382,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/","url_meta":{"origin":600099,"position":1},"title":"France\u2019s Vicat Group plans to invest USD 50 mn, increase its stake in Sinai Cement","author":"enterpriseam admin","date":"18 March 2018","format":false,"excerpt":"INVESTMENT WATCH- France\u2019s Vicat Group planning to invest USD 50 mn, increase its stake in Sinai Cement. Sinai Cement\u2019s majority shareholder, Vicat Group, is planning to invest USD 50 mn to reverse its subsidiary\u2019s losses, Managing Director Gianfranco Tantardini said, Al Borsa reported. Vicat \u2014 which acquired 40% of Sinai\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544812,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/govt-settles-cement-dispute-with-vicat\/","url_meta":{"origin":600099,"position":2},"title":"Gov\u2019t settles cement dispute with Vicat","author":"enterpriseam admin","date":"22 March 2022","format":false,"excerpt":"French cement producer Vicat Group and the Egyptian government have reached a final settlement in a dispute over ownership of its Sinai-based subsidiary. An agreement was signed yesterday by Vicat CEO Guy Sidos and International Cooperation Minister Rania Al Mashat, the cabinet said in a statement. No details on the\u2026","rel":"","context":"In "DISPUTE WATCH"","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545827,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/investor-acquired-7-5-of-sinai-cement-in-march\/","url_meta":{"origin":600099,"position":3},"title":"Investor acquired 7.5% of Sinai Cement in March","author":"enterpriseam admin","date":"13 April 2022","format":false,"excerpt":"Investor acquired 7.5% of Sinai Cement amid Vicat dispute settlement: The settlement of the dispute between Sinai Cement\u2019s parent company and the Egyptian government paved the way for an investor to acquire a 7.5% stake in the firm, four years after the purchase took place, Enterprise has learned. The 10\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/230.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578055,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/vodacom-is-officially-vodafone-egypts-majority-shareholder\/","url_meta":{"origin":600099,"position":4},"title":"Vodacom is officially Vodafone Egypt\u2019s majority shareholder","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"South Africa\u2019s Vodacom now owns the lion\u2019s share of Vodafone Egypt: Vodafone Group has transferred its 55% stake in its Egyptian unit to its South African subsidiary Vodacom in a EUR 2.37 bn cash and stock transaction, it said in a statement yesterday. 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