20 October 2016       Download

Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in energy and infrastructure, announced today that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have signed a Share Purchase Framework Agreement to sell 100% of ASEC Ciment Algérie (AACC) for consideration of US$ 60 million. The acquiring party is a consortium of Algerian investors.