Green light for the acquisition of Portugal’s Cimpor

Cimpor AlhandraPlant small

Portugal’s competition authority AdC gave green light for the merger & acquisition of Cimpor Portugal Holdings by Taiwan Cement Corporation (TCC). TCC will be the 100% owner of Cimpor after buying the major 60% share from its JV partner OYAK Cement for a price of € 480m, via its subsidiary Taiwan Cement Europe Holdings. The deal puts the enterprise value of Cimpor Portugal Holdings at € 800m.With the acquisition of the assets (photo: Alhandra cement plant). TCC strives to become one of the few suppliers of low-carbon emissions cement.