Malaysia’s CIMA says resumed talks with Vicat

Malaysia’s CIMA says resumed talks with Vicat
Published: 20 June 2006

Cement Industries Malaysia Bhd (CIMA) said it has resumed discussions with French cement company Vicat SA for the latter’s plan to acquire controlling stakes in five CIMA subsidiaries.  CIMA had in March received an offer from Vicat to acquire controlling stakes in Negeri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, Unipati Concrete Sdn Bhd, Cimaco Edar Sdn Bhd and Cimaco Quarry Sdn Bhd.  On June 1 CIMA said both parties had not reached an agreement and the offer lapsed.