ArabFinance: The Egyptian Exchange (EGX) will start recording the selling and purchasing orders responding to Mandatory Tender Offer (MTO) of HeidelbergCement France SAS on Suez Cement Group (SUCE), according to EGX's disclosure.

The MTO will last from October 15th until November 12th.

HeidelbergCement intended to acquire up to 59,791,124 shares, the equivalent of 32.878 %, of the issued capital of Suez Cement at EGP 7.50 per share.

The targeted shares to be purchased is 100% complementary to HeidelbergCement’s stake in Suez Cement.

Established in 1979 and listed in 1995, Suez Cement is a public company that operates within the materials sector focusing on construction materials.

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