عربــى

EGX 30 14,428.08 0.86%



Arabian Cement intends to acquire Ascom’s unit

Arabian Cement intends to acquire Ascom’s unit

Arab Finance: Arabian Cement Company (ACC) (ARCC) announced that it has submitted an acquisition offer representing 99.9% of one of the companies owned by Asek Company for Mining - Ascom (ASCM) after finanlizing financial and legal due diligence review study in the coming three months.

The company added that this offer is not final and will declare the study’s results once finalizing it.

On the other side, Asec announced that it will study the offer to evaluate it.

Source: EGX & Arab Finance editor

All rights reserved to Arab Finance 2015 ©

Back to top