# Taiheiyo Cement to acquire stake in Solusi Bangun Indonesia via rights issue

Taiheiyo Cement Corporation will acquire a stake in PT Solusi Bangun Indonesia Tbk. through a rights issue worth US$220 million, planned for July 2021. The transaction is a continuation of the cooperation between Taiheiyo Cement and Semen Indonesia Group.

- Type: Acquisition
- Announced: 2021-01-28
- Where: Tuban, Indonesia, Indonesia
- Value: $220.0M
- Status: announced
- Capacity: 0.5 Mt/yr cement export
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Semen Indonesia](https://endata.com/companies/21263.md) (partner)
- [PT Semen Indonesia](https://endata.com/companies/22351.md) (investor)
- [Taiheiyo Cement](https://endata.com/companies/32760.md) (acquirer)
- [PT Solusi Bangun Indonesia](https://endata.com/companies/37390.md) (target)
- [Solusi Bangun Indonesia](https://endata.com/companies/46754.md) (target)

## Sources

- [market.bisnis.com](https://market.bisnis.com/read/20210128/192/1348968/suntik-dana-rp3-triliun-perusahaan-semen-jepang-masuk-ke-smcb-pada-juli-2021), 2021-01-28: "Perusahaan semen asal Jepang, Taiheiyo Cement Corporation, akan mengakuisisi saham milik PT Solusi Bangun Indonesia Tbk. lewat penambahan modal dengan hak memesan efek terlebih dahulu (HMETD) atau rights issue senilai US$220 juta."
- [globalcement.com](https://globalcement.com/news/12606-taiheiyo-cement-concludes-acquisition-of-15-stake-in-solusi-bangun-indonesia), 2021-02-01: "Taiheiyo Cement says that its board has approved and concluded its deal with Semen Indonesia to buy a 15% stake in its subsidiary Solusi Bangun Indonesia (SBI) for around US$220m."

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