# Cement Invest acquires Heidelberg Materials' stake in HeidelbergCement Georgia

Cement Invest, representing Georgian Co-Investment Fund and others, acquired its joint venture partner Heidelberg Materials' shares in HeidelbergCement Georgia and TerjolaQuarry, making Cement Invest the sole owner.

- Type: Acquisition
- Announced: 2023-04-25
- Where: Georgia, Georgia
- Status: completed
- Capacity: 1.97Mta and 0.86Mta
- Products: cement, concrete, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Heidelberg Materials](https://endata.com/companies/15605.md)
- [Heidelberg Materials](https://endata.com/companies/15605.md) (target)
- [Cement Invest](https://endata.com/companies/28055.md) (acquirer)
- [HeidelbergCement Georgia](https://endata.com/companies/69933.md) (target)

## Sources

- [gbc.ge](https://gbc.ge/en/news/busines-snews/cement-invest-acquired-its-joint-venture-partners-heidelberg-materials-shares-in-heidelbergcement), 2023-04-25: "Cement Invest acquired its joint venture partner's, Heidelberg Materials’ shares in HeidelbergCement Georgia and TerjolaQuarry."
- [cemnet.com](https://www.cemnet.com/News/story/174741/heidelberg-materials-divestments-and-merger-ripples.html), 2023-04-28: "The group's divestment of its eastern European joint venture in Georgia, where it held a 45 per cent participation in Caucasus Cement Holding BV, the parent company of HeidelbergCement Georgia Ltd and Terjola Quarry Ltd, was completed in the third week of April."

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