Egypt Body to File Complaint Against Cement Monopolies, Mal Says

The building materials unit of the Egyptian Federation of Industries will file a complaint to the country’s anti-monopoly commission against companies it accuses of monopolizing the local cement market, Al Mal reported.

The complaint is being drafted against nine companies, one of which is state-owned and eight that are owned by international cement manufacturers, the Cairo-based newspaper said, citing unidentified people at the building materials unit.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.