Nov 27, 2023ACQUISITIONTürkiye TCC to increase stake in OYAK Cement via Cimpor and Denizli Cement deals
Taiwan Cement Corporation (TCC) and OYAK have signed a preliminary agreement for TCC to acquire OYAK's 60% stake in Cimpor Portugal Holdings for EUR 800 million and 100% of OYAK Denizli Cement shares for EUR 1.3 billion, plus 20% of OYAK's 60% shares in OYAK Denizli Cement.
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“OYAK and Taiwan Cement Corporation (TCC) have entered into a preliminary agreement to advance their partnership, aligning with the vision of sustainable growth and carbon emissions reduction.”oyak.com.tr
- 4 sources
- oyak.com.trRenewed Giant Partnership between OYAK and TCC for the Low Carbon Cement Market in Europe, Asia, and Africa — OYAKNov 27, 2023
- globalcement.comTaiwan Cement Corporation to acquire new 20% stake in OYAK Denizli Çimento - Cement Sector News - Global CementGlobal Cement staffNov 28, 2023
- sullcrom.comS&C Advises Taiwan Cement Corporation in Raising Stakes in Turkey and Portugal, Enhancing Its International Eco-Friendly Positioning | Sullivan & Cromwell LLPDec 12, 2023
- cemnet.comTaiwan Cement completes share agreement for Denizli ÇimentoDec 13, 2023
Summarized from public sources; check the original articles before acting on it.
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