Skip to main content

Buyer sought for majority stake in Carthage Cement

Published by
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:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


CEMEX Ventures and Grupo Avintia announce ‘Wallex’

The companies have announced the creation of Wallex, a company focused on design and engineering, manufacturing and on-site installation of offsite panelised and self-supporting construction systems.


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


This article has been tagged under the following:

Cement news 2018