# Asia Cement to fully acquire Halla Cement for 50 billion won

Asia Cement Co Ltd announced plans to buy 3.3 million shares of Halla Cement Corporation for 50.0 billion won, increasing its stake to 100%.

- Type: Acquisition
- Announced: 2018-12-02
- Where: South Korea
- Value: $44.5M (50.0B KRW)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Asia Cement Corporation](https://endata.com/companies/24580.md) (acquirer)
- [Halla Cement Corp](https://endata.com/companies/28169.md) (target)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/asia-cement-co-KRX:183190/news/brief-asia-cement-to-fully-acquire-halla-cement-corporation-for-50-0-bln-won-019e6b30-9bd7-7229-a411-eaea243d7a5b/), 2018-12-02: "Says it plans to buy 3.3 million shares of Halla Cement Corporation for 50.0 billion won."

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