# HeidelbergCement acquires 50% stake in CBI Ghana

HeidelbergCement signed an agreement to acquire 50% of shares in Continental Blue Investment SA (CBI), which controls CBI Ghana, and invest in the construction of the world's largest flash calciner in Ghana. The joint venture will also expand CBI's grinding capacity in Tema.

- Type: Acquisition
- Announced: 2022-05-20
- Where: Tema, Ghana
- Status: announced
- Capacity: 400000 t of calcined clay per year
- Products: cement, calcined clay
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [HeidelbergCement](https://endata.com/companies/20595.md) (acquirer)
- [CBI Ghana](https://endata.com/companies/26305.md) (target)
- [Continental Blue Investment SA](https://endata.com/companies/62982.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/172736/heidelbergcement-buys-50-share-in-cbi.html), 2022-05-20: "HeidelbergCement has signed an agreement to acquire 50 per cent of shares of and invest into Continental Blue Investment SA (CBI) who controls the Ghanaian cement producer CBI Ghana."

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