Thursday 5 May 2016
 
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Asec Cement

ASEC Cement finalises sale of two units for $127m

ASEC Cement, a subsidiary of Egypt-based Qalaa Holdings, has finalised the sale of ASEC Minya Cement and ASEC Ready Mix to Misr Cement Qena for a total of EGP1 billion ($127.7 million). In addition to the proceeds generated for Qa

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ASEC Cement to sell stakes in two units

ASEC Cement, a subsidiary of Egypt-based Qalaa Holdings, plans to sell its stakes in two of its units to Misr Cement (Qena) for EGP1 billion ($124.5 million). The respective stakes are 46.5 percent in ASEC Minya; and 55 percent in

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Citadel unit eyes exit from Algerian firm

Citadel Capital, a leading regional investment company, said its subsidiary ASEC Cement is looking to divest its minority stake in Algeria's Zahana Cement Company as part of its drive to focus on majority-owned investments and drive efficien

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Asec Cement in Minya university deal

Asec Cement, a core portfolio firm of leading MEA investment company Citadel Capital, said its two subsidiaries have signed a MoU with Minya University to help prepare students with the skills they need to seek meaningful employment in their fie

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Citadel completes cement company overhaul

Citadel Capital, a leading private equity firm in Middle East and Africa with $9.5 billion in investments under control, said a key unit of portfolio firm Asec Cement has completed a significant overhaul of Zahana Cement Company in Alger

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Taqa Arabia, Asec launch Sudanese JV plant

Taqa Arabia and Asec Cement, both companies of Citadel Capital, a leading private equity firm in the Middle East and Africa region, officially inaugurated their JV plant, Berber for Electrical Power, in Sudan. The new plant’s 42 MW power g

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Taqa Arabia, Asec Cement in Sudan powergen JV

Global Energy, the power arm of Taqa Arabia, has concluded an agreement to create a joint venture power-generation operation in Sudan in partnership with Asec Cement and the Sudanese Pension Fund. The new venture, Berber for Electrical Pow

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