9:09:22 AM | 5/9/2008
A contract on merging Cotec cement plant, an affiliate of Construction and Construction Material Joint Stock Company (Cotec), and Holcim Vietnam Cement Joint Venture (Holcim) will be signed September 3.
Bao Viet Securities Joint Stock Company is the sole consultant for the contract that will become one among the biggest merger and acquisition (M&A) contracts consulted by a domestic company.
Cotec cement plant, built in 2001, is the most important member of Cotec. The plant’s capacity has been doubled to one million tons a year now from the initial 500,000 million tons.
Meanwhile, Holcim Vietnam, a joint venture between Switzerland’s Holcim Group and Ha Tien 1 cement company, has an investment capital of US$440 million and lifespan of 50 years. (Securities Investment)
Vietnamese
