https://www.engineeringnews.co.za

Big investor Nassef Sawiris cuts LafargeHolcim stake

10th January 2019

By: Reuters

  

Font size: - +

One of LafargeHolcim's biggest shareholders, Nassef Sawiris, has reduced his stake in the world's biggest cement maker, the company said on Wednesday, confirming a report by Swiss newspaper Handelszeitung.

The Egyptian tycoon sold nearly 1.6-million shares in the Swiss company in December, when they had a value of more than 66-million Swiss francs, ($67.5-million) the paper said in a report released ahead of publication on Thursday.

Documents from the SIX Swiss Exchange and the French stock market regulator AMF showed the transaction, the newspaper said. LafargeHolcim confirmed the sale, but declined additional comment.

Before the sale Sawaris held 16.58-million shares - equivalent to 2.73% – in LafargeHolcim, making him the company's sixth-largest investor, according to Refinitiv Eikon data.

Edited by Reuters

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.078 0.128s - 150pq - 2rq
Subscribe Now