# HeidelbergCement to acquire 68% stake in Tanga Cement

HeidelbergCement signed an agreement to acquire 68% of shares in Tanzanian cement producer Tanga Cement, securing a limestone quarry and a 1.3Mta cement plant. Closing is expected in Q2 2022.

- Type: Acquisition
- Announced: 2021-10-27
- Where: Tanga, Tanzania, Tanzania
- Status: announced
- Capacity: 1.3Mta
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [HeidelbergCement](https://endata.com/companies/20595.md) (acquirer)
- [Tanga Cement](https://endata.com/companies/58753.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/171631/heidelbergcement-agrees-to-68-stake-in-tanga-cement.html), 2021-10-27: "HeidelbergCement has signed an agreement to acquire 68 per cent of the shares in the Tanzanian cement producer Tanga Cement."

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