Misr Cement Qena £E915 million acquisition of ASEC Cement Minya and ASEC Ready Mix

1/11/2015

Private acquisition

Value:

E£ 915 million

Dollar value:

$ 103 million

Status:

Completed

Date:

1/11/2015

Overview:

Misr Cement Qena Company acquired a 46.5% stake in ASEC Minya Cement and a 55% stake in ASEC Ready Mix for a total of E£E915 million from Qalaa Holdings.
CI Capital Investment Banking acted as financial adviser to the seller.
ASEC Minya Cement is a cement producer in Egypt, and ASEC Ready Mix is a concrete producer and distributor.

Rani Mehta - Journalist

Jurisdiction:

Egypt

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Egypt

Industry sector:

Construction and materials

Firms:

ALC - Alieldean Weshahi & Partners

Party: Qalaa Holding (Seller)

Zaki Hashem & Partners

Party: Misr Cement Qena Company (Acquirer)

Lawyers: Achraf El Chazly, Helal El Hossary, Yasser Hashem

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