# AECI to acquire Much Asphalt for R2.27 billion

AECI has entered into an agreement to acquire 100% of Much Asphalt Proprietary Limited, South Africa's leading asphalt producer, for a total consideration of R2.272 billion in cash.

- Type: Acquisition
- Announced: 2017-10-30
- Where: South Africa
- Value: $165.0M (2.27B ZAR)
- Status: announced
- Products: hot and cold mix asphalt, bituminous road binders, emulsions, primes, pre-coats, modified binders
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [AECI](https://endata.com/companies/27628.md) (acquirer)
- [Much Asphalt](https://endata.com/companies/27629.md) (target)

## Sources

- [in.marketscreener.com](https://in.marketscreener.com/quote/stock/AECI-LTD-1413348/news/AECI-ACQUISITION-OF-MUCH-ASPHALT-PROPRIETARY-LIMITED-MUCH-ASPHALT-AND-FURTHER-CAUTIONARY-A-25396073/), 2017-10-30: "AECI has entered into an agreement with Capitalworks Private Equity, MIC Investment Holdings Proprietary Limited and the Much Asphalt management team to acquire 100% of the issued share capital in Much Asphalt."

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