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Tuesday, 6 November 2018

Helwan Cement signs off white plant sale

M&A WATCH- Helwan Cement EGM signs off its white plant sale: The extraordinary general assembly of the Helwan Cement has signed off an agreement to sell its white cement plant to Emaar Industries, parent company Suez Cement said in a disclosure to the EGX on Monday (pdf) on Monday. Helwan Cement will split off the company owning the plant, which will then be sold off to Emaar. The transaction was announced in September.

Advisers: Suez Cement was advised by EFG Hermes (financial advisor) and Zulficar and Partners (legal counsel).

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