Skip to main content

Bestway in discussions to buy Dewan cement plant

Published by
World Cement,


Islamabad-based cement maker, Bestway Cement, is in discussion with Dewan Cement over the potential purchase of Dewan’s North cement plant, according to a release to the Pakistan Stock Exchange.

According to release, the two companies have entered into a non-binding memorandum of understanding (MoU), according to which Bestway has “sole and exclusive right to negotiate terms and structure of the proposed transaction.” The exclusivity period will last an initial 15 days with the potential to extend on agreement by both parties.

The transaction includes land, the cement production facility and related assets, mining leases/licenses and inventories, and stores and spares. The plant is located in Hattar in the province of Khyber Pakhtunkhwa.

The potential sale is subject to obtaining all relevant corporate, regulatory and creditor consents and approvals.

Read the article online at: https://www.worldcement.com/indian-subcontinent/22022017/bestway-in-discussions-to-buy-dewan-cement-plant/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 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 »

 

 Spotlight

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 »

 
 
 

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


 

This article has been tagged under the following:

Pakistan cement news