Pakistan’s Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq.
Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches.
The proposed sale is expected to generate a capital gain of approximately US$ 5.343 million.
The mill has a capacity of 0.9 million tons.
According to previous information from Business Recorder, the investment is a joint venture with the Iraq-based Al Geetan Commercial Agencies.
(Source: Pro Pakistan)
