Buzzi has acquired through its subsidiary TC Mena 37.6% of the share capital in Gulf Cement Company (GCC) in UAE. GCC was established in 1977 and operates one cement production facility (photo) in Ras Al Khaimah with an annual production capacity of approximately 2.4 Mta. In 2024, GCC achieved net sales of € 120m and EBITDA of € 7m. The share price offer has been extended now from of 0.56 AED per share in March to 0.76 AED per share, and has been approved by Abu Dhabi’s Securities and Commodities Authority. The offer closing date is postponed to 24 April 2025 and the results will be announced on 25 April 2025.