On January 7, 2013, Eastern Province Cement Co. raised its stake in Prainsa Saudi Arabia Precast Concrete Co. from 50 percent to 100 percent.
|Deal Value||Method of Finance||Type||Status|
|Eastern Province Cement Co. - EPCCO|
|*Market Cap (Million SAR)||3,878.60|
|Prainsa Saudi Arabia for Precast Concrete - Prainsa Saudi Arabia|
|*Market Cap (Million SAR)||-|
|Expected date for Completion||07-01-2013|
Prainsa Saudi Arabia is a limited liability company that specializes in the production of precast concrete for buildings, bridges and tunnels.
* In 2009, Eastern Cement and its partner Prainsa Spain had raised Prainsa Saudi Arabia’s capital to SAR 55 mln from SAR 5 mln.
* On December 2, 2012, Eastern Cement inked a memorandum of understanding (MoU) with Prainsa Spain to buy its 50 percent stake in Saudi Arabia Precast Concrete Co.