HeidelbergCement Bangladesh acquires Emirates Cement and Emirates Power

HeidelbergCement Bangladesh Ltd acquired Emirates Cement Bangladesh Limited and Emirates Power Company Limited from UltraTech Cement Middle East Investments Ltd for Tk182.58 crore. The acquisition was announced on 11 February 2021, with an agreement signed on 13 November 2019.

“German cement manufacturer HeidelbergCement Bangladesh Ltd has acquired two companies from UltraTech Cement Middle East Investments Ltd at a total cost of Tk182.58 crore.”tbsnews.net

• 2 sources
• tbsnews.netHeidelberg acquires two UltraTech companies | The Business StandardTBS ReportFeb 11, 2021
• globalcement.comHeidelbergCement Bangladesh plans merger with Emirates Cement - Cement Sector News - Global CementGlobal Cement staffFeb 23, 2021

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