Italy: Taiwan-based Taiwan cement has agreed to acquire Engie’s 60% stake in battery and hydrogen power systems supplier Engie EPS. The aggregate value of the deal is Euro132m. The producer expects to close the deal in mid-late 2021, whereupon it will launch an all-cash mandatory tender offer for the company’s remaining shares. Taiwan Cement said that the transaction would provide the cornerstone for its strategic global blueprint in the future.
Taiwan Cement to acquire majority stake in Engie EPS
URL: https://globalcement.com/news/item/12374-taiwan-cement-to-acquire-majority-stake-in-engie-eps
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