Buyer sought for majority stake in Carthage Cement
Published by Jonathan Rowland,
Editor
World Cement,
The Tunisian government and Bina Corp., controlling shareholders of Carthage Cement, are looking to sell a majority stake in the cement producer. Carthage Cement operates a 2.2 million tpy cement plant, southeast of Tunis, as well as two adjacent quarries.
The quarries cover a total area of 358 ha. The first quarry has an area of 218 ha. and is located on land owned by Carthage Cement. The second 140 ha. quarry is located on land that is leased from public property.
According to the Call for Expression of Interest, the sale of a 50.52% stake will take place via public tender to a strategic and/or financial investor, who is able to ensure its management and development. The sales process is to take place in two phases: a prequalification phase will be followed by a binding offer phase.
The deadline for expressing interest in acquiring the company is 16 February 2018. Prequalified candidates will then be informed of their qualification on 2 March 2018, following which they will be asked to submit their binding offers.
ECC MAZARS, IEG Tunisia, and Mrabet Avocets are acting as exclusive advisor for the sales process.
Read the article online at: https://www.worldcement.com/indian-subcontinent/15012018/buyer-sought-for-majority-stake-in-carthage-cement/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Horton quarry rail link reopens after 60 years
The rail link at Heidelberg Materials Horton quarry in Yorkshire has been reinstated as part of their strategy to improve their network of rail connected quarries and depots.
