# 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.

- Type: Acquisition
- Announced: 2018-11-02
- Where: Turkey, Türkiye
- Value: $640.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiwan Cement](https://endata.com/companies/28068.md) (acquirer)
- [OYAK Cimento AS](https://endata.com/companies/35150.md) (target)
- [OYAK](https://endata.com/companies/35208.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/165228/a-new-wave-of-asian-overseas-expansion-.html), 2018-11-02: "TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m."

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