Cimentas to buy 70% of waste company

Cimentas to buy 70% of waste company
Published: 21 July 2009

Turkish cement producer Cimentas is set to buy a 70% stake in a waste company, namely Serhat Atik.

The statement issued by Cimentas details that the company will pay a total of EUR10.76m for the 70% stake in Serhat Atik.

Cimentas will pay the price in three years and the process for acquisition of Serhat Atik shares is expected to be completed within two or three months.