Heidelberg raises €3 million by opening Indusaha’s capital to Moroccan minority shareholders
By selling 2% of Industrie Sakia El Hamra’s capital to minority shareholders, the German cement company is allowing them to regain the shareholding levels that prevailed before the consolidation of two subsidiaries.
27/05/2022 at 15h40, by Africa Business+
The market value of Industrie Sakia El Hamra (Indusaha), established in 1997 and based in Laâyoune, 1,200 km south of the capital, Rabat, increased significantly when the group merged the entity with Cimenteries marocaines du sud SA (Cimsud) in May 2020. By then, all of the regional competitor’s shares had been bought from conglomerate Anouar Invest.
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