# Taiheiyo Cement acquires 15% stake in Solusi Bangun Indonesia

Taiheiyo Cement has announced the acquisition of a 15% stake in Solusi Bangun Indonesia, a subsidiary of Semen Indonesia, for between US$186m and US$232m.

- Type: Acquisition
- Announced: 2020-04-23
- Where: Indonesia
- Value: $209.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Semen Indonesia](https://endata.com/companies/21263.md) (partner)
- [Taiheiyo Cement](https://endata.com/companies/32760.md) (acquirer)
- [Solusi Bangun Indonesia](https://endata.com/companies/46754.md) (target)

## Sources

- [globalcement.com](https://globalcement.com/news/11438-taiheiyo-cement-acquires-15-stake-in-solusi-bangun-indonesia), 2020-04-23: "Under the '2020 Mid-Term Management Plan,' Taiheiyo Cement says that it aims to 'become a corporate group with a strong presence in the Pacific Rim.'"

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