Sabanci to restructure white cement business via Netherlands holding company

Sabanci Holding will merge its white cement business into a new Netherlands-based company, Cimsa Sabanci Cement BV (CSC BV), in which Sabanci will hold 60% and its subsidiary Çimsa will hold 40%. Çimsa's international white cement subsidiaries and a 70% stake in Cimsa Adriatico will be transferred to CSC BV, and Cimsa Cementos Espana will acquire the Buñol plant.

“Together with this new structure, the shares of Çimsa's subsidiaries that undertake the white cement business abroad are contemplated to be transferred to CSC BV, and thereby white cement investments of Sabancı Group are aimed to be concentrated under the roof of CSC BV.”cemnet.com

• 1 source
• cemnet.comSabanci to restructure white cement business | CemNetOct 1, 2020

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