# Taiwan Cement acquires 40% stake in OYAK Çimento for $640 million

Taiwan Cement Corporation (TCC) purchased a 40% stake in OYAK Çimento A.Ş. for USD 640 million, valuing the company at USD 1.6 billion. The partnership aims to enter new international markets.

- Type: Acquisition
- Announced: 2021-02-02
- Where: Türkiye
- Value: $640.0M
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiwan Cement](https://endata.com/companies/28068.md) (acquirer)
- [OYAK Cimento AS](https://endata.com/companies/35150.md) (target)
- [OYAK](https://endata.com/companies/35208.md) (partner)

## Sources

- [oyka.com.tr](https://www.oyka.com.tr/en/news/company-news/a-first-in-the-history-of-turkish-cement), 2021-02-02: "Taiwan Cement Corporation (TCC), one of the biggest cement producers in the Far East and OYAK have established a partnership to combine their forces on the international cement market."

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