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New Deal

New Deal

Announced

28 Nov 2023

Taiwan Cement and OYAK to form a joint venture.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Taiwan Cement/ Oyak Joint Venture

bidder

Taiwan Cement

bidder

Ordu Yardimlasma Kurumu

Sources

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Press Release

Taiwan Cement - 28 Nov 2023

Tags

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Cement

Majority

Taiwan

Turkey

Acquisition

Joint Venture

low carbon cement

Cross Border

Private

Pending

Friendly

Single Bidder

Private Equity

Synopsis

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Taiwan Cement, a cement company, and OYAK, a charity and pension fund, agreed to form a joint venture. Financial terms were not disclosed.

Service Providers (2)

Dealmakers

legal advisors

Sullivan & Cromwell

financial advisors

Citigroup

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