# HeidelbergCement Bangladesh gets High Court approval for merger with Emirates Cement and Emirates Power

HeidelbergCement Bangladesh Ltd has received High Court approval to merge with Emirates Cement Bangladesh Limited and Emirates Power Company Limited. The merger follows Heidelberg's 2019 acquisition of all shares of the two companies from UltraTech Cement Middle East Investments Ltd for Tk182.58 crore.

- Type: Acquisition
- Announced: 2021-10-19
- Where: Bangladesh
- Status: announced
- Products: cement, electricity
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Emirates Cement Bangladesh](https://endata.com/companies/43265.md) (target)
- [Emirates Power Co](https://endata.com/companies/43266.md) (target)
- [HeidelbergCement Bangladesh Ltd](https://endata.com/companies/43271.md) (acquirer)

## Sources

- [tbsnews.net](https://www.tbsnews.net/economy/stocks/hc-allows-merger-emirates-cement-and-power-heidelbergcement-318316), 2021-10-19: "HeidelbergCement Bangladesh Ltd has got a nod from the High Court for merger with Emirates Cements and Emirates Power."

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