Shree Cement to buy 93% stake in Union Cement for $305 million

Shree Cement has agreed to acquire a 92.83% stake in UAE-based Union Cement for an enterprise value of $305.24 million. The deal is Shree Cement's first venture outside India and its largest acquisition ever.

“Shree Cement Ltd on Thursday said it had agreed to acquire a 92.83% stake in Union Cement Co. PSC, a United Arab Emirates-based firm, for an enterprise value of $305.24 million.”livemint.com

• 2 sources
• livemint.comShree Cement to buy 93% stake in UAE-based Union Cement for $305 millionSoumonty KanungoJan 11, 2018
• cemnet.comShree Cement to acquire 93% stake in Union Cement | CemNetJan 12, 2018

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