Cement plant sell-off nears
Bids are due by 31 May for companies to take a 35 per cent stake in Algeria's state-owned cement plants in the government's latest attempt to attract private investment into the sector. A previous effort to privatise the country's ailing cement industry in 2003 failed to reach fruition, as the terms were not sufficiently appealing to investors. The state facilities are operating significantly under capacity, and are in desperate need of investment. 'The biggest stumbling block in attracting ...
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