Holcim-Liban Acquisition Reshapes Ownership as Company Faces Financial Pressures
An article published in Lebanon Opportunities (Autumn 2025) details a major development in Lebanon’s industrial sector: the acquisition of Holcim-Liban by Mohamed Zeidan and Gilbert Sassine. Belgian firm Holcibel, a wholly owned subsidiary of Holcim Group, agreed to sell its entire 52.1% stake in Holcim-Liban to B.Z.L. Cement Holding and North Pine (Holding), two entities controlled by Zeidan and Sassine. This transaction marks a significant shift in the ownership of one of Lebanon’s oldest and most established cement producers. Holcim Group, the global parent company, is described as a Swiss-based manufacturer, while the incoming buyers are locally incorporated. The article contextualizes the profiles of the new owners: Zeidan, with business activities in trade, real estate, and a cigar franchise; and Sassine, whose family owns North Pine – a company involved in real estate development in the Kfarkabedian area.
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