Green Light for Semen Gresik

THE story of Cemex Asia Holding Ltd is not yet ended. The sale of 25 percent shares of PT Semen Gresik Tbk by the Mexican cement giant to the Rajawali Group owned by Peter Sondakh two weeks ago has not yet obtained the central governments green light.

The West Sumatra regional administration, which was also eager to buy Semen Gresik under the banner of PT Andalas Tuah Sakato, on the other hand, has even got the chance.