Turkey: Turkish cement producer Çimsa Çimento has agreed to take over Sançim Bilecik Çimento Madencilik Beton for Euro163m. Çimsa will purchase all 87.5 million shares of Sançim Bilecik Çimento from Turkish companies AUNDE Teknik Tekstil, E.N.A. Tekstil and six individual shareholders. Sançim Bilecik Çimento has 1.4Mt/yr of cement production capacity. The transaction is subject to regulatory approval.
Çimsa Çimento to acquire Sançim Bilecik Çimento for Euro163m
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