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 |
- | Internal Resources | Acquisition | Completed |
Eastern Province Cement Co. - EPCCO | |
Country | Saudi Arabia |
Status | Listed |
Argaam Sector | Cement |
*Market Cap (Million SAR) | 3,878.60 |
*Price/Share (SAR) | 45.10 |
Prainsa Saudi Arabia for Precast Concrete - Prainsa Saudi Arabia | |
Country | Saudi Arabia |
Status | Unlisted |
Argaam Sector | - |
*Market Cap (Million SAR) | - |
*Price/Share (SAR) | - |
Announced Date | 02-12-2012 |
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.