Cement News tagged under: Dewan Cement
Dewan Cement strikes deal with Mega Conglomerate08 February 2018, Published under Cement NewsMega Conglomerate Pvt Ltd has agreed to acquire a 87.5 per cent stake in Pakistan’s Dewan Cement, according to a bourse filing by BMA Capital Management Ltd. The acquisition will see 75 per cent shares pass hands through agreement and a further 12.5 per cent through a public offering. The deal follows a week of roller coaster movements, according to Pakistan Today. The amount of the acquisition was not disclosed. |
Anhui Conch27 September 2016, Published under Cement NewsAnhui Conch is reportedly interested in acquiring a stake in Pakistan’s Dewan Cement Ltd (DCL), according to local media reports. While DCL denies the reports, a Chinese company, believed to be Anhui Conch, has been exploring investment opportunities in the country. DCL operates two plants – one in southern Pakistan near Karachi and another in northern Pakistan near Kamilpur Hattar Industrial Estate – with a cement and clinker capacity of 2.89Mta and 2.76Mta, respectively. The company cu... |