CIMA in talks with Vicat

CIMA in talks with Vicat
Published: 06 March 2006

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.