# AEV subsidiary to acquire minority stake in Republic Cement for €0.2178 per share

AEV CRH Holdings, a subsidiary of Aboitiz Equity Ventures, is acquiring the 11.15% minority stake in Republic Cement & Building Materials held by the public through a tender offer at €0.2178 per share. Final payment is expected by September 30, 2017.

- Type: Acquisition
- Announced: 2017-07-29
- Where: Philippines
- Status: announced
- Products: cement and building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Aboitiz Equity Ventures Inc.](https://endata.com/companies/15774.md) (investor)
- [Republic Cement and Building Materials](https://endata.com/companies/24292.md) (target)
- [AEV CRH Holdings](https://endata.com/companies/25918.md) (acquirer)

## Sources

- [bworldonline.com](https://bworldonline.com/corporate/2017/07/29/20298/aev-subsidiary-buy-lafarge-republics-minority-0-2178-euros-per-share/), 2017-07-28: "A UNIT of Aboitiz Equity Ventures, Inc. (AEV) is acquiring 11.15% of Republic Cement & Building Materials, Inc. (RCBM) at a price of 0.2178 euros per share, the adjusted price after the companies closed the deal."

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