SOKOTO Ordinary Portland cement
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Description
Under the civilian administration of Chief Olusegun Obasanjo, Cement Company of Northern Nigeria Plc was earmarked as one of the companies to be fully privatized. In July 2000 therefore, public bidding for the Company was concluded and Scancem International ANS of Norway, a member of HeidelbergCement group was appointed as core investor and technical partner of the Company. Following a strategic reorientation, Heidelberg Cement Group divested its CCNN Shares in March 2008. The Nigerian Company Damnaz Cement Company Limited became CCNN's new core investor. Damnaz Cement Company Limited (Damnaz) was established in May 2007 as a 'special purpose vehicle" to acquire HeidelbergCement's 50.7 shares of CCNN and 93% share of Societe Nigerienne de Cimenterie (SNC) in Republic of Niger. It acquired the shares in both CCNN and SNC in March 2008.
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SOKOTO Ordinary Portland cement
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