Public offering for Libyan cement company Public offering for Libyan cement company

Public offering for Libyan cement company   Public offering for Libyan cement company
Published: 04 February 2005

Libya plans to raise US$270m by selling shares in a cement company, in the first initial public offering and biggest sale of a government-owned business as the country tries to create a stock market. The offering of the company, the Arabian Cement Company, comes as Col Qaddafi’s government is stepping up efforts to attract private investment and open the economy after the lifting of international sanctions on Libya last year.