{"id":647582,"date":"2017-05-15T03:32:23","date_gmt":"2017-05-15T03:32:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/qalaa-holdings-sells-stake-in-asec-cement-algeria-for-usd-60-mn\/"},"modified":"2017-05-15T03:32:23","modified_gmt":"2017-05-15T03:32:23","slug":"qalaa-holdings-sells-stake-in-asec-cement-algeria-for-usd-60-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/qalaa-holdings-sells-stake-in-asec-cement-algeria-for-usd-60-mn\/","title":{"rendered":"Qalaa Holdings sells stake in ASEC Cement Algeria for USD 60 mn"},"content":{"rendered":"<p><strong>M&A Watch- <\/strong>Qalaa Holdings <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/203148_1.pdf\">announced<\/a> it completed the sale of 100% of its stake in ASEC Cement Algeria to an unnamed Algerian investor for an estimated USD 60 mn. Qalaa Holdings says it indirectly owned 37% of ASEC Cement Algeria\u2019s shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A Watch- Qalaa Holdings announced it completed the sale of 100% of its stake in ASEC Cement Algeria to an unnamed Algerian investor for an estimated USD 60 mn. Qalaa Holdings says it indirectly owned 37% of ASEC Cement Algeria\u2019s shares.<\/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-647582","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5680594b-70e6-4a1a-b3d3-2b7e1cbc5e6b","order":"0","is_powered_by":true,"section_story_id":"db0f132a-de15-49f3-88b1-9f26e24d595b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647571],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Qalaa Holdings sells stake in ASEC Cement Algeria for USD 60 mn - 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\/2017\/05\/15\/qalaa-holdings-sells-stake-in-asec-cement-algeria-for-usd-60-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qalaa Holdings sells stake in ASEC Cement Algeria for USD 60 mn\" \/>\n<meta property=\"og:description\" content=\"M&amp;A Watch- Qalaa Holdings announced it completed the sale of 100% of its stake in ASEC Cement Algeria to an unnamed Algerian investor for an estimated USD 60 mn. 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The dispute started in October 2020, when Misr Beni-Suef began\u2026","rel":"","context":"In &quot;DISPUTE WATCH&quot;","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577648,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/30\/gb-auto-misr-beni-suef-cement-have-separate-arbitration-news-for-us\/","url_meta":{"origin":647582,"position":1},"title":"GB Auto, Misr Beni Suef Cement have separate arbitration news for us","author":"enterpriseam admin","date":"30 November 2022","format":false,"excerpt":"GB Auto has filed an arbitration case against the Algerian government for what it says are \u201csevere damages and losses suffered\u201d due to unspecified measures taken against GB Auto\u2019s units and investments in the country. In an EGX disclosure (pdf), the company says its Algerian units \u2014 GBR Auto and\u2026","rel":"","context":"In &quot;DISPUTE WATCH&quot;","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/502.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571442,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/ascom-mining-defers-egp-80-mn-investment-as-covid-scrambles-supply-chains\/","url_meta":{"origin":647582,"position":2},"title":"Ascom Mining defers EGP 80 mn investment as covid scrambles supply chains","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"INVESTMENT WATCH- Qalaa\u2019s Ascom to postpone EGP 80 mn investment in new production lines as covid-19 scrambles supply chains: Qalaa Holdings subsidiary ASEC Company for Mining (Ascom) will defer a planned EGP 80 mn investment it had earmarked in adding new production lines, the company said in a disclosure to\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":675652,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/17\/kb-denim-to-set-up-usd-300-mn-factory\/","url_meta":{"origin":647582,"position":3},"title":"KB Denim to set up USD 300 mn factory","author":"enterpriseam admin","date":"17 November 2025","format":false,"excerpt":"PLUS- Qalaa Holding\u2019s ASEC Cement has won an international arbitration case against Algerian company Zahna Cement","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574133,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/31\/electricity-generation-capacity-glut-forces-companies-to-think-smaller-on-solar\/","url_meta":{"origin":647582,"position":4},"title":"Electricity generation capacity glut forces companies to think smaller on solar","author":"enterpriseam admin","date":"31 August 2020","format":false,"excerpt":"Electricity generation capacity glut forces companies to think smaller on solar: Qalaa Holding\u2019s TAQA Arabia will be focusing on small-scale solar projects to the tune of 2-10 MW in Egypt for the next two years, as the government slows down reliance on renewables amid a production glut, the company\u2019s project\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/256.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595624,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/egyptian-refining-company-suez-cement-arabian-cement-sign-petroleum-coke-supply-agreements\/","url_meta":{"origin":647582,"position":5},"title":"Egyptian Refining Company, Suez Cement, Arabian Cement sign petroleum coke supply agreements","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"Qalaa\u2019s ERC signs pet coke supply agreements with Suez Cement, Arabian Cement: Qalaa Holdings\u2019 Egyptian Refining Company (ERC) has inked agreements with Suez Cement and Arabian Cement to supply 500k tonnes of petroleum coke each year. 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