# 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.

- Type: Acquisition
- Announced: 2021-02-11
- Where: Munshiganj, Bangladesh
- Status: completed
- Capacity: 0.66 Mt/yr
- Products: cement, electricity
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [HeidelbergCement Bangladesh Ltd](https://endata.com/companies/43271.md)
- [Emirates Cement Bangladesh](https://endata.com/companies/43265.md) (target)
- [Emirates Power Co](https://endata.com/companies/43266.md) (target)
- [UltraTech Cement Middle East Investments](https://endata.com/companies/43267.md) (partner)
- [Emirates Cement](https://endata.com/companies/53416.md) (target)

## Sources

- [tbsnews.net](https://www.tbsnews.net/companies/heidelberg-acquires-two-ultratech-companies-200434), 2021-02-11: "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."
- [globalcement.com](https://www.globalcement.com/news/12723-heidelbergcement-bangladesh-plans-merger-with-emirates-cement), 2021-02-23: "HeidelbergCement Bangladesh plans to amalgamate its subsidiary Emirates Cement."

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