# OYAK to merge five cement companies on Istanbul Stock Exchange

OYAK Holding is merging five of its listed cement companies (Adana Çimento, Mardin Çimento, Denizli Çimento, Bolu Çimento, Ünye Çimento and Aslan Çimento) to create synergies. The six firms have a total grinding capacity of 22.5 Mta.

- Type: Acquisition
- Announced: 2019-12-19
- Where: Türkiye
- Status: announced
- Capacity: 22.5 Mta grinding capacity
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [OYAK](https://endata.com/companies/35208.md)
- [Adana Çimento](https://endata.com/companies/44045.md) (target)
- [Mardin Çimento](https://endata.com/companies/44046.md) (target)
- [Denizli Çimento](https://endata.com/companies/44047.md) (target)
- [Bolu Çimento](https://endata.com/companies/44048.md) (target)
- [Ünye Çimento](https://endata.com/companies/44049.md) (target)
- [Aslan Çimento](https://endata.com/companies/44050.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/167969/oyak-to-merge-five-companies-on-istanbul-stock-exchange.html), 2019-12-19: "To create synergies in line with our strategic plans and our targets for the cement sector."

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