Rimco Investments increases share ownership in Suez Cement

Rimco Investments has purchased around 474,000 shares in Suez Cement (HeidelbergCement Group) raising its shareholding from 8.85 to 9.11 per cent.

The total value of the deal was EGP3.79m (US$228,000) at an average price of EGP8/share. The Suez Cement Co includes the plants of Suez, Kattameya, Tourah and Helwan in Egypt.