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News Siam Cement Group acquires stake in Indonesian retail chain

Siam Cement Group acquires stake in Indonesian retail chain

Written by Global Cement Staff 25 November 2021
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Indonesia: Thailand-based Siam Cement Group (SCG) has completed its acquisition of a 13% stake in building materials retailer Caturkarda Depo Bangunan (CKDB). SCG made the purchase through a joint venture its runs with Siam Global House. The cement producer said that the acquisition was intended to support its strategic expansion in the Association of Southeast Asian Nations region and that it might increase its stake at a later date. CKDB is headquartered in Surabaya, East Java.

Last modified on 01 December 2021
Published in Global Cement News
Tagged under
  • Indonesia
  • Siam Cement
  • Caterkarda Depo Bangunan
  • retail
  • Acquisition
  • GCW534
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