Limak agrees to acquire part of Italcementis Turkey operations for EUR 290mn.

By bne IntelliNews February 28, 2011
Italcementi Group announces that its subholding Ciment Francais agreed to sell Set Group Holding and its subsidiaries for a total of EUR 290mn on cash and debt free basis to local Limak Group. Set Group Holding operates three cement plants, one grinding centre and 13 ready-mixed concrete facilities. ISE-listed Afyon Cimento, in which Ciment Francais holds a 76.5% stake, is not included in the deal. The statement asserts that the transaction, subject to approval by the Turkish authorities, is expected to be completed in Q2 this year.

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335