# Asia Cement acquires Halla Cement for W365.1 billion

Asia Cement announced it has decided to acquire a 100% stake in Halla Cement for 365.1 billion won (US$335.29 million) to strengthen competitiveness in the cement industry.

- Type: Acquisition
- Announced: 2017-12-11
- Where: South Korea
- Value: $335.3M (365.1B KRW)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Baring Private Equity Asia](https://endata.com/companies/5905.md) (partner)
- [Asia Cement Corporation](https://endata.com/companies/24580.md) (acquirer)
- [Halla Cement Corp](https://endata.com/companies/28169.md) (target)

## Sources

- [koreaherald.com](https://www.koreaherald.com/article/1530121), 2017-12-12: "Asia Cement (183190) announced on Dec. 11 that it has decided to acquire 100 percent stake in Halla Cement at 365.1 billion won (US$335.29 million) 'to strengthen competitiveness in cement industry.'"
- [marketscreener.com](https://www.marketscreener.com/quote/stock/ASIA-CEMENT-CO-LTD-17392940/news/Asia-Cement-Co-Ltd-completed-the-acquisition-of-Halla-Cement-Corp-from-Baring-Private-Equity-Asia-34851405/), 2018-01-16: "Asia Cement Co.,Ltd. completed the acquisition of Halla Cement Corp. from Baring Private Equity Asia and other sellers for approximately KRW 380 billion on January 17, 2018."

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