# Taiwan Cement acquires 60.48% stake in ENGIE EPS for EUR 132 million

Taiwan Cement Corporation (TCC) announced on April 19, 2021, that it will invest EUR 132 million to acquire a 60.48% stake in ENGIE EPS, an Italian energy storage and EV charging infrastructure provider, becoming its largest shareholder.

- Type: Acquisition
- Announced: 2021-04-19
- Where: Italy
- Value: $158.0M (132.0M EUR)
- Status: announced
- Products: energy storage systems, EV charging infrastructure, battery energy storage systems, smart grid solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Engie](https://endata.com/companies/999.md) (partner)
- [Taiwan Cement](https://endata.com/companies/28068.md) (acquirer)
- [ENGIE EPS](https://endata.com/companies/51148.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/taiwan-cement-corporation-to-acquire-engie-s-60-48-stake-in-engie-eps-850340462.html), 2021-04-22: "TCC announced on April 19, 2021 to add another piece to its energy puzzle by investing EUR132 million to acquire 60.48% shares and becoming the largest shareholder of Europe-based ENGIE Eps"

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