# Sharcem to acquire cement plant from Kazakhcement

Sharcem, a subsidiary of International Cement Group, entered into a sale and purchase agreement with Kazakhcement and the Development Bank of Kazakhstan to acquire a cement plant and related assets for KZT7.07 billion (US$16.3 million). The acquisition is expected to increase the group's total cement capacity by 1 million tonnes per annum to 4 million tonnes per annum.

- Type: Acquisition
- Announced: 2021-04-14
- Where: Kazakhstan
- Value: $16.3M
- Status: announced
- Capacity: 1 million tonnes per annum cement
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Development Bank of Kazakhstan](https://endata.com/companies/28796.md) (partner)
- [Sharcem](https://endata.com/companies/54449.md) (acquirer)
- [International Cement Group](https://endata.com/companies/54450.md) (partner)
- [Kazakhcement](https://endata.com/companies/54451.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/170616/sharcem-set-to-acquire-plant-from-kazakhcement.html), 2021-04-14: "Sharcem has subsequently entered into a sale and purchase agreement (SPA) with Kazakhcement and the Development Bank of Kazakhstan for the sale of a cement plant and related assets in the country."

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