Ciments Francais to sell stake in Turkish Afyon

Ciments Francais to sell stake in Turkish Afyon
Published: 29 June 2011

Ciments Francais said on Tuesday it would sell its 76.5% stake in Turkish Afyon Cimento Sanayi TAS.

The French company, which is a subsidiary of Italy’s Italcementi has hired Mediobanca to advise it on the possible sale of the shareholding in Afyon Cimento.

In February, Ciments Francais announced the divestment of Turkish Set Group Holding to diversified Turkish group Limak Holding. The move marked its partial withdrawal from the Turkish market.