![Cimpor AlhandraPlant small](https://ccf2up.com/wp-content/plugins/phastpress/phast.php/c2VydmljZT1pbWFnZXMmc3JjPWh0dHBzJTNBJTJGJTJGY2NmMnVwLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNCUyRjAxJTJGQ2ltcG9yX0FsaGFuZHJhUGxhbnRfc21hbGwtMTAyNHg2NjkuanBnJmNhY2hlTWFya2VyPTE3MDY0MjExNDEtMTQ5MDc4JnRva2VuPTIxMjYxMzYyNjRhMTU3ZDk.q.jpg)
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.