Votorantim Cimentos closes Tunisia divestment
Published by Alfie Lloyd-Perks,
Editorial Assistant
World Cement,
Votorantim Cimentos have closed the full sale of its assets located in Tunisia to Sinoma Cement Co., Ltd, a cement-based building materials enterprise headquartered in China.
The transaction was closed after fulfilling customary precedent conditions, including approvals by regulatory authorities in China, Tunisia, and the Common Market for Eastern and Southern Africa (COMESA). The effective delivery of the assets and financial settlement has also been completed.
This divestment is aligned with Votorantim Cimentos’ portfolio management strategy, which seeks to maximize value for its shareholders and balance the geographic positioning between mature and emerging markets, optimizing the risk management of the company's consolidated portfolio.
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Read the article online at: https://www.worldcement.com/africa-middle-east/01042025/votorantim-cimentos-closes-tunisia-divestment/
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