{"id":631382,"date":"2018-03-18T04:25:49","date_gmt":"2018-03-18T04:25:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/"},"modified":"2018-03-18T04:25:49","modified_gmt":"2018-03-18T04:25:49","slug":"frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/","title":{"rendered":"France\u2019s Vicat Group plans to invest USD 50 mn, increase its stake in Sinai Cement"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- France\u2019s <\/strong>Vicat Group<\/strong><\/a> planning to invest USD 50 mn, increase its stake in Sinai Cement.<\/strong> 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<\/a>. Vicat \u2014 which acquired 40% of Sinai Cement in 2003 \u2014 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Cement in 2003 \u2014 is […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631382","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0fb41270-e4d8-45cd-9dfa-c6d4631361b1","order":"0","is_powered_by":true,"section_story_id":"88834106-662c-4eac-a0c2-ce8860076dcf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631370],"teaser":"","voice_url":""},"yoast_head":"\nFrance\u2019s Vicat Group plans to invest USD 50 mn, increase its stake in Sinai Cement - 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\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"France\u2019s Vicat Group plans to invest USD 50 mn, increase its stake in Sinai Cement\" \/>\n<meta property=\"og:description\" content=\"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 Cement in 2003 \u2014 is […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-18T04:25:49+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"France\u2019s Vicat Group plans to invest USD 50 mn, increase its stake in Sinai Cement\",\"datePublished\":\"2018-03-18T04:25:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/\"},\"wordCount\":98,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/\",\"name\":\"France\u2019s Vicat Group plans to invest USD 50 mn, increase its stake in Sinai Cement - 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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. 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Magdy did not provide further details on the company\u2019s investment plans. Vicat, which entered\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":545827,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/investor-acquired-7-5-of-sinai-cement-in-march\/","url_meta":{"origin":631382,"position":1},"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":545752,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/vicat-egypt-launches-mto-for-sinai-cement\/","url_meta":{"origin":631382,"position":2},"title":"Vicat Egypt launches MTO for Sinai Cement","author":"enterpriseam admin","date":"11 April 2022","format":false,"excerpt":"French cement producer Vicat Egypt has submitted a mandatory tender offer to acquire another 42.1% of subsidiary Sinai Cement Company at EGP 6.74 per share, according to a statement by the EGX. 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