PT Semen Indonesia to acquire 80.6% stake in PT Holcim Indonesia for $917M

PT Semen Indonesia (SMGR) has agreed to buy an 80.6% stake in PT Holcim Indonesia from LafargeHolcim for US$917 million, acquiring four cement plants with combined capacity of 14.8Mta, 33 ready-mix facilities and two aggregate quarries.

“We are grateful to be able to announce a transformational share takeover transaction for Semen Indonesia Group to be able to maintain its position as a market leader in Indonesia.”cemnet.com

• 1 source
• cemnet.comPT Semen Indonesia tightens grip on domestic marketNov 16, 2018

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