Jordan's Ministry of Industry, Trade and Supply has officially approved the acquisition of Lafarge's controlling stake in Jordan's cement plant, marking the completion of a major foreign exit deal in the country's building materials industry. According to the Ministry's statement, the transaction was led by the Al-Menaser Industrial Complex in Jordan, which acquired 50.28% of the Jordan Cement Plant through the acquisition of two companies registered in Cyprus, Katsinoria Limited and Ondraw Limited. The equity acquisition agreement was signed with LafargeHolcim Group, and after the completion of the transaction, one of Jordan's largest cement manufacturers will return to local capital control completely.
During the approval process, the Jordanian Competition Authority conducted an in-depth assessment of the transaction and concluded that the acquisition would not result in harmful competitive dominance in the cement manufacturing market and was unlikely to cause harm to existing or potential competitors. On the contrary, the transaction will have multiple positive economic effects: strengthen the local industrial base by injecting new investment, make full use of domestic resources to enhance export competitiveness to regional enterprises, and take advantage of growing external demand; at the same time, expand the scale of enterprise operations, and create a large number of jobs directly and indirectly. It
is worth noting that this is one of the series of mergers and acquisitions approved by the Ministry of Industry of Jordan in 2025. In addition to the cement industry, the Ministry also approved Afaq Energy's acquisition of a 100% stake in Central Gas Technology. The latter is mainly engaged in the central distribution of liquefied petroleum gas, and the transaction is also considered not to weaken market competition, but to enhance investor confidence, optimize supply chain efficiency and improve the end consumer experience. On the basis of these assessments, the Minister duly signed the approval decision in accordance with the powers conferred by the Competition Act. So far
this year, the Jordanian Competition Authority has handled 38 cases of mergers and acquisitions in accordance with the law, demonstrating the government's positive regulatory stance in balancing market vitality and competition order. In the landmark transaction of Lafarge's divestment, the takeover of local capital is regarded as an important layout to enhance industrial autonomy and cope with regional market changes, and also establishes a new ownership structure for the future development of Jordan's building materials industry.
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