# Semen Indonesia subsidiary acquires 80.64% stake in Holcim Indonesia for $922M

PT Semen Indonesia Industri Bangunan (SIIB), a subsidiary of PT Semen Indonesia, acquired 80.64% of Holcim Indonesia from Holderfin BV for Rp 12.96 trillion ($922.42 million). Holcim Indonesia was renamed PT Solusi Bangun Indonesia.

- Type: Acquisition
- Announced: 2019-02-11
- Where: Jakarta, Indonesia
- Value: $922.4M (12960.0B IDR)
- Status: completed
- Products: cement, ready mix concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [LafargeHolcim Group](https://endata.com/companies/19905.md) (partner)
- [Holderfin BV](https://endata.com/companies/26120.md) (partner)
- [PT Holcim Indonesia](https://endata.com/companies/35461.md) (target)
- [PT Semen Indonesia Industri Bangunan](https://endata.com/companies/37230.md) (acquirer)

## Sources

- [thejakartapost.com](https://www.thejakartapost.com/news/2019/02/11/holcim-indonesia-changes-name-to-solusi-bangun-following-acquisition), 2019-02-11: "The takeover of Solusi Bangun Indonesia will also strengthen our ready mix business."

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