In a statement on Friday, Italcemen
ti said it would sell Turkey-based Set Group
Holding, which generated sales of 130 million euros in 2010.
The agreement does not include Afyon Cimento
, 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.