Watchdog Okays Elazig Acquisition by Cementir, Turkey
Turkey’s antitrust agency, the Competition Board, has given the green light to the acquisition of Turkish cement company Elazig Cimento by Italian cement group Cementir for US$110m (EUR86m).
The recent acquisition is part of Cementir’s internationalisation strategy under which the company has already invested more than EUR1.1bn in acquisitions outside Italy.
Cementir is a unit of Italian construction company Caltagirone.
Published under Cement News
