# Raysut Cement plans to acquire 75% stake in LafargeHolcim Maldives

Oman's Raysut Cement Co has begun discussions to acquire a 75% stake in LafargeHolcim Maldives from Switzerland-based Cementia AG. The board has approved the move in principle.

- Type: Acquisition
- Announced: 2020-02-03
- Where: Maldives
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Raysut Cement](https://endata.com/companies/22518.md) (acquirer)
- [LafargeHolcim Maldives](https://endata.com/companies/44973.md) (target)
- [Cementia AG](https://endata.com/companies/44974.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/168230/raysut-cement-plans-to-acquire-75-stake-in-lafargeholcim-maldives.html), 2020-02-03: "Oman’s Raysut Cement Co has reportedly begun discussions to acquire a 75 per cent stake in LafargeHolcim Maldives."

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