Dubai-Mubasher: Anglo American completed the sale of its interests in the six operating joint venture entities to Colas Moyen Orient, according to a recent statement.
Operating under the Tarmac name in the UAE, Oman and Qatar, the companies are jointly owned or operated with a number of major partners - Al Futtaim, Al Zawawi and Midmac.
The joint venture entities are specialised in road construction and the production of construction aggregates and asphalt.
Global revenue totaled roughly €150 million ($163 million), of which Colas’ share amounts to €80 million.
