# 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.

- Type: Acquisition
- Announced: 2021-11-25
- Where: Surabaya, East Java, Indonesia
- Status: completed
- Products: building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Siam Cement](https://endata.com/companies/6339.md) (acquirer)
- [Caturkarda Depo Bangunan](https://endata.com/companies/59247.md) (target)
- [Siam Global House](https://endata.com/companies/59248.md) (partner)

## Sources

- [globalcement.com](https://www.globalcement.com/news/14004-siam-cement-group-acquires-stake-in-indonesian-retail-chain), 2021-11-25: "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."

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