Firm advises on Arabian Cemet IPO in Egypt

Norton Rose Fulbright is acting as international transaction counsel in relation to the announced initial public offering in Egypt and international institutional offering of Arabian Cement Company (ACC) on The Egyptian Exchange. EFG Hermes and CI Capital are acting as Joint Global Coordinators in connection with the offering.ACC, the Egyptian cement producer, is majority-owned by Spain's Cementos La Union.

The offering will involve a sale of shares by certain minority shareholders of ACC of between 22.5 per cent – 30 per cent of the company as a secondary offering. Cementos La Union will not be selling shares. The offering is scheduled to be completed in May.

The cross border Norton Rose Fulbright team also included senior associate, Kevin Connolly and associate Marina Petrovain London, and senior associate Akshay Dosaj in Abu Dhabi.

Matouk Bassiouny provided Egyptian legal advice as transaction counsel.