Limak Cimento may invest up to US1.1bn in Africa acquisition

Turkish cement firm 1506 Limak Cimento is reportedly keen to make an African acquisition worth €1 billion. National media reports the firm possibly buying an unnamed African firm's operations in three countries. Limak Cimento already has investments in Mozambique and the Ivory Coast due to start production in 2016 and 2017 respectively. The company intends to have an integrated cement facility in Africa in three years.