VOL. XLIII

No. 18

1-May-2000

EGYPT

Egypt’s Cement Companies Continue Expansion And Merger Activities

Suez Cement Company, the country’s largest cement producer and a blue-chip stock, plans to acquire the remaining 33.9% of Torah Cement, giving it full ownership of the company, according to the Arabic daily al-Alam al-Youm on 16 April. Suez Cement acquired 65% of Torah Cement at E£85 ($24.50) per share last January and financed the acquisition with an E£1.2bn...