We closed today the full sale of our assets located in Tunisia to Sinoma Cement Co., Ltd, a cement-based building materials enterprise headquartered in China.
The transaction was closed after fulfilling customary precedent conditions, including approvals by regulatory authorities in China, Tunisia, and the Common Market for Eastern and Southern Africa (COMESA). The effective delivery of the assets and financial settlement has also been completed.
This divestment is aligned with our portfolio management strategy, which seeks to maximize value for our shareholders and balance the geographic positioning between mature and emerging markets, optimizing the risk management of our consolidated portfolio.