# Taiwan Cement Corporation acquires 100% of Cimpor

Taiwan Cement Europe Holdings B.V., a subsidiary of Taiwan Cement Corporation, notified the Portuguese competition authority of its acquisition of 100% of Cimpor Portugal Holdings SGPS, S.A. The deal values the 60% stake previously acquired from Oyak at €480 million.

- Type: Acquisition
- Announced: 2024-01-03
- Where: Portugal
- Value: $528.0M (480.0M EUR)
- Status: announced
- Products: cement, concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiwan Cement](https://endata.com/companies/28068.md) (acquirer)
- [Cimpor](https://endata.com/companies/31878.md) (target)
- [OYAK Cement](https://endata.com/companies/35212.md) (partner)
- [Cimpor Portugal](https://endata.com/companies/71363.md) (target)

## Sources

- [plataformamedia.com](https://www.plataformamedia.com/2024/01/03/taiwan-cement-corporation-compra-empresa-de-cimento-portuguesa-cimpor/), 2024-01-03: "A turca Oyak vendeu 60 por cento da Cimpor à TCC por 480 milhões de euros."
- [ccf2up.com](https://ccf2up.com/green-light-for-the-acquisition-of-portugals-cimpor/), 2024-01-28: "TCC will be the 100% owner of Cimpor after buying the major 60% share from its JV partner OYAK Cement for a price of € 480m."
- [essential-business.pt](https://www.essential-business.pt/2024/01/29/taiwan-cement-corporation-to-buy-cimpor/), 2024-01-29: "The AdC announced that on 22 December, 2023 it received a notification of an operation to merge the companies, which consisted of the acquisition by Taiwan Cement Europe Holdings for the exclusive control of Cimpor Portugal Holdings."

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