Cement Industries of Malaysia Berhad (CIMA) said it is currently in talks with various parties as part of its normal business strategies, with French cement manufacturer VICAT Group among the parties mentioned, but no decision has yet been made. The company made the statement in response to a query from the stock exchange after a newspaper reported that CIMA was considering selling 51 per cent of its cement assets to Vicat for at least US$160m.
"We wish to inform the Exchange that CIMA is currently in discussion with various parties as part of its normal business strategies. One such party is Vicat, a French cement manufacturing company. As of to date, nothing concrete has been decided," CIMA said without elaborating.