Misr Cement (
The deal will close by 20 November 2015.
According to a statement, Qena will buy a 55% stake in ASEC Ready Mix and a 46.5% stake in ASEC Minya Cement.
ASEC Ready Mix produces ready-mix concrete while ASEC Minya Cement produces cement.
Qalaa Holdings and its unit National Development and Trading Company hold a 70% stake in ASEC Cement.