Cement News tagged under: Dubai Group
Dubai Group in talks for Lafarge Emirates stake sale, UAE14 September 2012, Published under Cement NewsThe Dubai Group is in talks to sell its 45 per cent stake in its UAE joint venture with Lafarge, according to reports by Reuters. Lafarge Emirates Cement, set up in 2005, is restructuring and needs additional capital to help support the business, something Dubai Group is unable to provide due to its debts. Lafarge Emirates Cement was set up as a joint venture between Lafarge, Dubai Group, part of conglomerate Dubai Holding, and the Fujairah government, an emirate in the Northern part of ... |
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