Raysut Cement agrees to sell stake in Omani PortugueseVisits : 397

Raysut Cement agrees to sell stake in Omani Portuguese

Raysi Cement shareholders (RCCI), listed on the Muscat bourse, have agreed to sell their stake in Oman Portuguese Cement Products Company, a company statement said.

The company said in a statement to the stock exchange that the sale for the benefit of Opal Development.

Raysut received an offer in mid-May to sell its 50% stake in Oman Portuguese, which did not disclose the value of the offer.

Raysut also owns the entire companys shares: Pioneer Cement, Reishi Shipping SA, Relic Shipping SA, 51% Raysut Cement, 50% Central Cement and 49% Mukalla Resut Trading & Industry.

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