Siam Cement Group acquires 13% stake in Indonesian retailer Caturkarda Depo Bangunan

Siam Cement Group (SCG) completed the acquisition of a 13% stake in Indonesian building materials retailer Caturkarda Depo Bangunan (CKDB) through a joint venture with Siam Global House, to support expansion in ASEAN.

“The cement producer said that the acquisition was intended to support its strategic expansion in the Association of Southeast Asian Nations region and that it might increase its stake at a later date.”globalcement.com

• 1 source
• globalcement.comSiam Cement Group acquires stake in Indonesian retail chain - Cement Sector News - Global CementGlobal Cement StaffNov 25, 2021

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