Qassim Cement Co. announced that the General Authority for Competition (GAC) issued a no-objection decision regarding the completion of the economic concentration resulting from its acquisition of a 100% stake in Amix for Ready Mix Concrete Co.
In a statement to Tadawul, the company said the decision was issued on Oct. 6, adding that there is no change to the transaction consideration previously announced.
According to data available on Argaam, Qassim Cement signed a share purchase agreement (SPA) with the shareholders of Amix for Ready Mix last September to acquire a 100% stake in the company for SAR 65 million.
Qassim Cement Co. announced that the General Authority for Competition (GAC) issued a no-objection decision regarding the completion of the economic concentration resulting from its acquisition of a 100% stake in Amix for Ready Mix Concrete Co.
In a statement to Tadawul, the company said the decision was issued on Oct. 6, adding that there is no change to the transaction consideration previously announced.
According to data available on Argaam, Qassim Cement signed a share purchase agreement (SPA) with the shareholders of Amix for Ready Mix last September to acquire a 100% stake in the company for SAR 65 million.
