|
contents | business | |||||||||
| Italcementi buys 51% of Kuwait's Hilal Cement Italy's largest cement maker, Italcementi Group has announced an offer, through its Egyptian subsidiary Suez Cement Company, after which it shall control 51% of the shares of Hilal Cement Company, a company listed on the Kuwait Stock Exchange. The deal, approved by the Kuwait Stock Exchange, will be at a per-share purchase price of 0.76 dinars (approximately 2.6 US dollars), based on an assessment of approximately 89 million dollars for the entire company. Hilal Cement Company operates two terminals in southern Kuwait, for a total capacity of approximately 1 million metric tons/year. In 2006 it reported revenues of approximately 65 million dollars and EBITDA of approximately 13,5 million dollars. write your comments about the article :: © 2007 Construction News :: home page |