Skip to main content

Buyer sought for majority stake in Carthage Cement

Published by , 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

 EnviroTech

Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Final tickets on sale NOW »

 

What’s the crack?

Independent conveyor belting specialist, Bob Nelson, explains how ozone and ultraviolet light dramatically shorten the working life of conveyor belts.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Cement news 2018