# Heidelberg Cement Bangladesh to acquire Emirates Cement Bangladesh and Emirates Power

Heidelberg Cement Bangladesh's board approved the acquisition of 100% of Emirates Cement Bangladesh and Emirates Power Co from UltraTech Cement Middle East Investments for $21.518 million.

- Type: Acquisition
- Announced: 2019-11-13
- Where: Bangladesh
- Value: $21.5M
- Status: announced
- Products: cement, electricity
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Heidelberg Cement Bangladesh](https://endata.com/companies/43264.md) (acquirer)
- [Emirates Cement Bangladesh](https://endata.com/companies/43265.md) (target)
- [Emirates Power Co](https://endata.com/companies/43266.md) (target)
- [UltraTech Cement Middle East Investments](https://endata.com/companies/43267.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/167769/heidelberg-cement-bangladesh-announces-acquisition-of-ecbl-epcl.html), 2019-11-13: "Heidelberg Cement Bangladesh Ltd has informed the Dhaka Stock Exchange that the company's Board of Directors has approved the acquisition of 100 per cent of the shareholding of Emirates Cement Bangladesh Ltd and Emirates Power Co Ltd."

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