Italcementi SpA’s takeover offer for ASEC Cement has won acceptances totaling 98.5% of the Egyptian company’s capital, a financial source said. The figures are preliminary, the source said, adding that final and official data are due next week. The bid, which closed yesterday, was carried out by Suez Cement Company, a 57%-owned unit of Italcementi’s overseas asset holding Ciments Francais SA.

Dangote Cement reports 86% surge in profit after tax
In its unaudited results for the 1Q25, Dangote Cement posted a 21.7 per cent YoY increase in r...