# Sungshin Cement to buy 85% stake in Halla Encom for $49.3M

Sungshin Cement signed a share purchase agreement to acquire an 85% stake in Halla Encom Corporation, a ready-mixed concrete manufacturer, for US$49.3 million. The acquisition was made through a consortium with BCH Peregrine Investment.

- Type: Acquisition
- Announced: 2018-08-17
- Where: South Korea
- Value: $49.3M
- Status: announced
- Products: ready-mixed concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sungshin Cement](https://endata.com/companies/33799.md) (acquirer)
- [Halla Encom Corporation](https://endata.com/companies/33800.md) (target)
- [BCH Peregrine Investment](https://endata.com/companies/33801.md) (partner)

## Sources

- [globalcement.com](https://www.globalcement.com/news/item/7953-sungshin-cement-to-buy-controlling-stake-in-halla-encom), 2018-08-17: "Sungshin Cement will become the new owner of bigger rival Halla Encom Corporation, a ready-mixed concrete (RMC) manufacturer from Halla Corporation, by purchasing an 85% stake in it for US$49.3m."

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