FLSmidth has sold its 7.5 percent stake in Egypt’s Sinai Cement Company for around 100 million Danish crowns (US$16.4m), the Danish company said.  

FLSmidth sold its stake to French building materials group Vicat , it said in a statement.  

FLSmidth raised its full-year pretax profit forecast by 30 million crowns due to the sale and now sees 2005 earnings before tax in the range of 350 million to 410 million crowns. 
Published under Cement News