CRHand France's Ciments Francais have submitted bids to acquire 25 per cent of Egypt's Suez Cement, Le Figaroreported today, citing the Cairo bourse.
It said the bourse gave no details of the size of the bids or when a decision is expected, but cited a Suez source as saying the winning bid will be chosen within a week.
It said Suez Cement is 40 per cent held by state-owned companies.
AFP