Cemex has announced its Egyptian unit Assiut Cement Co has learned of a preliminary ruling by a court in Egypt that could invalidate the pact under which Cemex bought a majority stake in the company more than a decade ago. Assiut Cement, which is fighting the decision, will continue to operate as usual, the firm said. Mexico-based Cemex bought its stake in Assiut from Metallurgical Industries Co, a state-run Egyptian firm, in 1999. Source: uaecement
Source:
http://www.uaecement.com/newsDetail.aspx?id=658
