Ciments Francais, the French unit of Italy’s Italcementi SpA, said Tuesday its revised offer, launched in conjunction with a number of other international investors, to buy some 21 million extra shares in Suez Cement was oversubscribed. Ciments Francais will now lift its overall stake in the Egyptian cement supplier to 54.2 per cent, the French company said in a statement. Published under Cement News
Ciments Francais, the French unit of Italy’s Italcementi SpA, said Tuesday its revised offer, launched in conjunction with a number of other international investors, to buy some 21 million extra shares in Suez Cement was oversubscribed. Ciments Francais will now lift its overall stake in the Egyptian cement supplier to 54.2 per cent, the French company said in a statement. Published under Cement News
Sign up for our Daily News Service
Our editors' pick the top news delivered to your inbox each day.
Sign up for the daily email