Watchdog Okays Elazig Acquisition by Cementir, Turkey

Watchdog Okays Elazig Acquisition by Cementir, Turkey
Published: 25 September 2006

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.