EGYPTIAN cement-maker Suez Cement had received 170 million pounds from the sale of its stake in another Egyptian cement firm to Swiss giant Holderbank. Suez sold its eight percent stake in the Egyptian Cement Company at 2.85 pounds per share last week. Holderbank also paid 19 million pounds for Suez’s contribution to ECC’s shareholders loan. The sale proceeds will be used in reducing the outstanding debt – raised to finance the acquisition of 65 percent of Tora Portland Cement the company said. Suez posted a 54 percent jump in unaudited net profit to 96 million pounds in the first quarter of 2000 from 62 million in the same period last year. – Reuters