Baticim in talks for taking over Afyon Cimento, Turkey

Baticim in talks for taking over Afyon Cimento, Turkey
Published: 03 March 2008

Cement maker Baticim Bati Anadolu Cimento unveils its plans to establish a consortium to bid for cement company Ayfon Cimento.

In the statement issued to the Istanbul Stock Exchange, Baticim notes that it already started works for a consortium and there will be further public announcements regarding the progress.

Baticim and another ISE-listed cement maker Batisoke placed a bid for local cement firms of  Ciments Francais.

Ciment Francais is selling out four cement plants, one cement grinding unit and 17 ready-mixed concrete facilities, including ISE-listed cement producer Afyon Cimento.