Saudi firm CPC buys Egypt’s Sphinx Glass for $190 million

Saudi firm CPC buys Egypt’s Sphinx Glass for $190 million

DUBAI, May 26 (Reuters) – Construction Products Holding Co (CPC), a unit of private Saudi Arabian construction giant Saudi Binladin Group, said on Monday it had bought Egyptian glass manufacturer Sphinx Glass for $190 million. The deal underlines growing...
Finland to sell Destia to Ahlstrom Capital -source

Finland to sell Destia to Ahlstrom Capital -source

HELSINKI, May 26 (Reuters) – Finland’s five-party government has agreed to sell Destia, a state-owned road and rail construction company, to private equity firm Ahlstrom Capital as it looks to reduce borrowing and boost competition in the sector. The...