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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.
OYAK Çimento Fabrikaları A.Ş. merged with OYAK Concrete in a simplified merger to streamline operations and increase efficiency, effective on the last day of 2020.