◂ Announcements

Nov 2, 2018ACQUISITIONTurkey, Türkiye

Taiwan Cement acquires 40% stake in Oyak Çimento for $640M

Taiwan Cement has acquired a 40% stake in Oyak Çimento from Oyak Holding for $640 million, and plans to form a joint venture in Turkey with Oyak Holding.

Value

$640.0M

Status

Announced

Productscement

CompaniesTaiwan Cement acquirer OYAK Cimento AS target OYAK partner

Sectors#Construction Materials

“TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m.”cemnet.com

1 source
cemnet.comA new wave of Asian overseas expansion? | CemNetNov 2, 2018

Summarized from public sources; check the original articles before acting on it.

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Taiwan Cement acquires 40% stake in Oyak Çimento for $640M · Endata