Loading…
HeidelbergCement Bangladesh completed the acquisition of 100% of the shareholding of Emirates Cement Bangladesh Ltd and Emirates Power Co Ltd from UltraTech Cement Middle East Investments Ltd on December 5, 2019. The consideration was approximately US$21.518 million.
UltraTech Cement Middle East Investments Limited (UCMEIL) has entered into a binding agreement to divest its entire shareholding in ECBL and EPCL to HeidelbergCement Bangladesh Ltd for an enterprise value of US$29.5 million.