Cairo-Mubasher: Arabian Cement Co. has submitted a non-binding buy offer for a 99.9% stake in an Egypt-based subsidiary of Asek Company for Mining (ASCOM).
The subsidiary, which offers quarried products, will evaluate the takeover bid, ASCOM said in a bourse statement.
Arabian Cement stock rose 0.68% to EGP 7.40 on Sunday at 10:04am Cairo time.
