Oyak plans to sell 24% stake in Aslan Beton to Aslan Çimento

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Turkey: Turkish cement producer Aslan Çimento said its parent company Oyak has proposed to sell its 24.24% stake in Aslan Beton to Aslan for US$4.52m.

After the acquisition, Aslan Beton will become a wholly-owned unit of Aslan Çimento while Aslan Beton, As-san Insaat, Birtas Birlik Insaat and Marmara Madencilik will be merged under the control of Aslan Çimento, Aslan Çimento said in a bourse filing. The managing board of Aslan Çimento will now assess the proposed move.

URL: https://globalcement.com/news/item/1884-oyak-plans-to-sell-24-stake-in-aslan-beton-to-aslan-%EF%BF%BD%EF%BF%BDimento

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