Türkiye: Taiwan-based Taiwan Cement Corporation (TCC) has signed a preliminary memorandum of understanding (MoU) with OYAK Çimento. Under the MOU, the parties will enter into negotiations over the transfer of a further 20% stake in OYAK Denizli Çimento to TCC. This will raise TCC’s stake in the company to 60%. Reuters has reported the total enterprise value of OYAK Denizli Çimento as US$1.42bn.
Taiwan Cement Corporation to acquire new 20% stake in OYAK Denizli Çimento
URL: https://globalcement.com/news/item/16627-taiwan-cement-corporation-to-acquire-new-20-stake-in-oyak-denizli-cimento
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