# CSL to acquire 50% of Eureka Shipping, SMT's pneumatic cement vessel business

CSL agreed to acquire a 50% stake in Eureka Shipping Ltd., SMT Shipping's pneumatic cement carrier business, forming a joint venture for seaborne cement powder and fly ash transport. The deal was announced on 8 May 2018 and was expected to close by end of June.

- Type: Acquisition
- Announced: 2018-05-08
- Status: announced
- Products: pneumatic cement carriers, seaborne cement powder transport, fly ash transport

## Companies

- [CSL](https://endata.com/companies/3244.md) (acquirer)
- [SMT Shipping](https://endata.com/companies/3245.md) (partner)
- [Eureka Shipping](https://endata.com/companies/3246.md) (target)

## Sources

- [cslships.com](https://cslships.com/news/csl-and-smt-shipping-team-up-in-global-cement-shipping-joint-venture/), 2018-05-08: "The joint venture represents an important step in CSL's strategy to increase its presence in the global construction material sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.