Cement News tagged under: Dnizli Cement
Taiwan Cement expands its European footprint29 November 2023, Published under Cement NewsTurkey's Army Pension Fund, OYAK , has reached a preliminary agreement to sell its stakes in two cement companies to Taiwan Cement Corp for a total of about EUR673m. OYAK is selling a 20 per cent stake in Oyak Denizli Cement of Turkey to Taiwan Cement, valuing the company at EUR1.3bn (US$1.42bn). Taiwan Cement estimates it will pay EUR193.4m for the stake, increasing its ownership to 60 per cent, a filing from the Taiwanese company confirmed. Taiwan Cement had purchased a 40 per cent s... |
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