# Schwenk Zement receives clearance to increase Akmenes Cement stake to 97%

The Lithuanian Competition Council has permitted Germany-based Schwenk Zement to increase its stake in Akmenes Cement to 97% from 47%, and also approved acquisitions of Kalcitas, Cemeka, and Lanku Bokstai.

- Type: Acquisition
- Announced: 2021-06-04
- Where: Lithuania, Lithuania
- Status: announced
- Products: cement, limestone, clay, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Schwenk Zement](https://endata.com/companies/22655.md) (acquirer)
- [Akmenes Cement](https://endata.com/companies/55618.md) (target)
- [Kalcitas](https://endata.com/companies/55619.md) (target)
- [Cemeka](https://endata.com/companies/55620.md) (target)
- [Lanku Bokstai](https://endata.com/companies/55621.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news/13180-schwenk-zement-receives-clearance-to-increase-akmenes-cement-stake-to-97), 2021-06-04: "The Lithuanian Competition Council has permitted Germany-based Schwenk Zement to increase its stake in Akmenes Cement to 97% from 47%."

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