# Raysut Cement acquires 75% stake in LafargeHolcim Maldives terminal

Raysut Cement acquired a 75% stake in LafargeHolcim's cement terminal at Thilafushi Island, Maldives, forming a joint venture with STO Maldives. The terminal capacity will be expanded from 75,000 tpa to over 200,000 tpa.

- Type: Acquisition
- Announced: 2020-10-01
- Where: Thilafushi Island, Maldives, Maldives
- Status: announced
- Capacity: 75,000 tpa to over 200,000 tpa
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [LafargeHolcim Group](https://endata.com/companies/19905.md) (target)
- [Raysut Cement](https://endata.com/companies/22518.md) (acquirer)
- [State Trading Organisation](https://endata.com/companies/50509.md) (partner)
- [State Trading Organization](https://endata.com/companies/51371.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/169682/raysut-cement-acquires-75-stake-in-maldives-terminal.html), 2020-10-14: "Oman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives."
- [corporatemaldives.com](https://corporatemaldives.com/raysut-maldives-cement-joint-venture-formed-paving-the-way-for-self-sufficiency-in-local-cement-market/), 2020-11-22: "The Maldives acquisition will boost Raysut's profitability and production to full capacity, particularly of its plant in State of Salalah in Sultanate of Oman."

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