Semen Indonesia acquires 80.64% stake in Holcim Indonesia

Semen Indonesia, through its subsidiary SIIB, finalized the purchase of 6.18 billion shares in Holcim Indonesia for Rp 12.96 trillion (US$916.3 million), gaining 80.64% ownership. The acquisition adds four cement factories and increases Semen Indonesia's installed capacity to 50 million tons annually.

“With the takeover [of Holcim], Semen Indonesia can hopefully integrate its supply chain and get a foothold in Jakarta and West Java, which consume the most cement in the country.”english.kontan.co.id

• 1 source
• english.kontan.co.idSemen Indonesia to expand business after Holcim acquisitionWahyu Tri RahmawatiFeb 18, 2019

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