Sibirsky to pay out EUR4m on failed Set deal, Russia
Sibirsky Cement has paid out over EUR4m to the London branch of Netherlands-based ING Bank NV regarding a failed deal between the Russian producer and Italcementi for Turkish a...
Turkey
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Turkish cement forecast to rise five per cent
The Turkish Cement Manufacturers Association (TCMB) forecasts that consumption could rise five per cent in 2012. Mustafa Guclu of the TCMB said domestic sales could reach 58...
Italcementi exits Turkish cement market
Ciments Français (part of the Italcementi Group) and its wholly-owned subsidiary Parcib, have signed a deal with Cimsa for the sale of 51 per cent of the capital of Afyon for ...
Akcansa and Cimsa seek acquisitions
Two of Turkey’s leading cement producers, Akcansa Cimento and Cimsa, plan two separate overseas acquisitions this year, Bloomberg reports. According to Mehmet Gocmen, Head of ...
Afyon Cimento sale expected in February – source
The sale of Turkish cement producer Afyon Cimento is expected to be completed in February and 3-4 binding offers have been received, a source close to the matter disclosed to R...
Ciments Francais seeks to keep Sibstem advance payment
Ciments Francais said it wants to keep a EUR50m advanced payment by SibCement for Turkish cement assets which the latter did not acquire, according to local press reports. C...