Taiwan Cement to take control of OYAK's cement business and fully acquire Cimpor

Taiwan Cement Corporation (TCC) agreed to increase its stake in the Türkiye joint venture with OYAK to 60% and fully acquire Cimpor in Portugal by purchasing OYAK's 60% stake, for a total of about EUR 740 million. A final agreement is expected in early December 2023.

“companies that do not understand carbon will not survive in the future.”globalcement.com

• 2 sources
• globalcement.comTaiwan Cement heads westDavid Perilli, Global CementNov 29, 2023
• globalcement.comTaiwan Cement heads west - Analysis of Cement Sector News from Global CementDavid Perilli, Global CementNov 29, 2023

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