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Intl Cement cancels US$104.4m deal to buy African cement producer

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Ng Ren Jye

Published Mon, Sep 30, 2019 · 09:50 PM

Singapore

INTERNATIONAL Cement Group (ICG) has called off its proposed US$104.4 million cash purchase of African cement producer Schwenk Namibia, the watch-listed cement producer said in a bourse filing on Monday morning.

The deal, which was first announced in March this year, was terminated on Sept 27, 2019.

International Cement

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