Egypt’s Suez Cement has decided to place its 51 per cent stake in Kuwait-based Hilal Cement up for sale, according to a statement to the country’s stock exchange.
Elsewhere, the company’s board has also approved a proposal to obtain a three-year US$125m loan from HeidelbergCement, its parent company. The funds are expected to be used to offset local overdue payments.

Titan Cement completes sale of 75 per cent of Turkish subsidiary
Greece-based Titan Cement Co SA has completed the sale of 75 per cent of Adocim Cimento Be...