Ciment Français to transfer Afyon Çimento shares to CIMSA

Following the announcement that Ciments Français plans to sell its shareholding in the Turkish cement company, Afyon Çimento Sanayii Turk A.S., a share purchase agreement has been executed. The agreement, which has been reached with CIMSA, involves the sale of 51% of the share capital, a total nominal value of TL1 530 000. The purchase price stands at TL57 530 000 (approximately �25 million).

The transfer will take place once approval from the Competition Board has been obtained. The sale marks the end of Ciments Français�� role as a cement producer in Turkey.

تاریخ: 
2012/02/17
Resource: 
cementchina