Egyptian Beni Suef Cement employees offer share sale

Egyptian Beni Suef Cement employees offer share sale
Published: 11 March 2004

The employee union of Egyptian cement producer Beni Suef Cement has offered for sale its 5.0 per cent stake in the company equal to 1.65 million shares, it was reported on March 10, 2004.  The shares will be sold to the highest bidder. Interested parties should submit their purchase offers to the head of the employee union at the company’s headquarters in Beni Suef, northern Egypt.  The company is 95 per cent owned by French building materials group Lafarge and Greek cement producer Titan through their 50/50 joint venture Lafarge Titan Egyptian Investments Limited (LTEIL).