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ITALCEMENTI SELLS SET GROUP TO LIMAK HOLDING

  • NewArticle
  • Published:26 Şubat 2011, Cumartesi
  • Updated:26 Şubat 2011, Cumartesi

Italy's ti, the world's No.5 cement maker, has signed a deal to sell a significant portion of its Turkish activities to for 290 million euros.

In a statement on Friday, ti said it would sell Turkey-based Holding, which generated sales of 130 million euros in 2010.

The agreement does not include , a Turkish listed group controlled by Italcementi unit Ciments Francais.

"In future, Italcementi will examine the best industrial or financial opportunities to extract value from this asset," Italcementi said of Afyon Cimento.