# YTL Cement acquires 51% stake in Lafarge Malaysia for RM1.63B

YTL Cement Berhad acquired a 51% stake in Lafarge Malaysia Berhad for RM1,625.04 million and extended a mandatory general offer for the remaining shares at RM3.75 per share.

- Type: Acquisition
- Announced: 2019-05-02
- Where: Malaysia, Malaysia
- Value: $390.0M (1.63B MYR)
- Status: completed
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [YTL Cement Berhad](https://endata.com/companies/39260.md) (acquirer)
- [Lafarge Malaysia Berhad](https://endata.com/companies/39261.md) (target)
- [Associated International Cement Limited](https://endata.com/companies/39262.md) (investor)
- [Associated International Cement Limited](https://endata.com/companies/39262.md) (partner)

## Sources

- [ytlcommunity.com](https://www.ytlcommunity.com/shownews.asp?newsID=60), 2019-05-02: "YTL Cement Berhad today entered into an unconditional share sale agreement with Associated International Cement Limited to acquire 433.34 million ordinary shares comprising an equity interest of approximately 51% in Lafarge Malaysia Berhad (LMB) for a total cash consideration of RM1,625.04 million, "
- [ytlcommunity.com](https://ytlcommunity.com/printnews.asp?newsID=60), 2019-05-02: "YTL Cement Berhad today entered into an unconditional share sale agreement with Associated International Cement Limited to acquire 433.34 million ordinary shares comprising an equity interest of approximately 51% in Lafarge Malaysia Berhad for a total cash consideration of RM1,625.04 million."

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