Displaying items by tag: Engie EPS

Italy: Taiwan-based Taiwan Cement has successfully acquired a 60% stake in battery and hydrogen power systems supplier Engie EPS for Euro132m. The building materials producer is attempting to become a global supplier in the sector.

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.