UltraTech Cement to divest Bangladesh units to HeidelbergCement

UltraTech Cement Middle East Investments Limited (UCMEIL) has entered into a binding agreement to divest its entire shareholding in ECBL and EPCL to HeidelbergCement Bangladesh Ltd for an enterprise value of US$29.5 million.

“UCMEIL will divest its entire shareholding at an enterprise value of BDT equivalent of US$29.5 million.”worldcement.com

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• worldcement.comUltraTech to divest its share in Bangladesh-based units to HeidelbergCement | World CementEmily ThomasNov 13, 2019

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