Cement News tagged under: Branco Products India
Tanzania: Banco Products to sell stake in Lake Cement09 May 2014, Published under Cement NewsBaroda-based Banco Products India Ltd, along with its subsidiaries, has decided to sell its Tanzania-based cement unit Lake Cement Ltd for US$17.68m, according to a stock market disclosure. Banco Products acquired a 51 per cent equity stake in the 0.5Mta Lake Cement in July 2010. The name of the buyer has not been disclosed. While Banco Products will be directly selling 3721 equity shares for US$0.38m, two of Banco Products' subsidiaries, Lake Minerals (Mauritius) Ltd and Nederlandse Rad... |
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