Saudi- Qalaa Holdings CPC mark Sphinx Glass transaction completion

Construction Products Holding Company (CPC) and Qalaa Holdings recently marked the completion of their 1.3 billion Egyptian pounds (180 million) transaction on Sphinx Glass.

The celebration marked the conclusion of a transaction through which Saudi Arabia's CPC (through its subsidiary CPC International) acquired major Egyptian float glass manufacturer Sphinx Glass for an equity 816 million pounds (114.2 million) for 100 percent of the shares of Sphinx noting that the total enterprise value is 1.3 billion pounds (180 million); the difference is due to the deduction of debt and liabilities to be assumed by CPC.Read more: http://www.menafn.com/1093934773/Saudi--Qalaa-Holdings-CPC-mark-Sphinx-Glass-transaction-completion

600450 Saudi- Qalaa Holdings CPC mark Sphinx Glass transaction completion glassonweb.com

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Egypt

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