Heidelberg Materials takes 79.44% majority stake in Akçansa
- Heidelberg Materials will raise its stake in Akçansa from 39.72% to 79.44% by acquiring Sabanci Holding's offered 39.72% stake.
- Akçansa operates 3 cement plants, 26 ready‑mixed concrete plants, five aggregate quarries and five cement terminals across five seaports in the Marmara, Aegean and Black Sea regions.
- The Marmara region accounts for about 70% of Turkey's economic output and is the primary domestic market for these assets.
- Transaction is subject to regulatory approvals and aims to enable reallocation of volumes to export markets including the Mediterranean, Black Sea and the US East Coast.
Transaction
Heidelberg Materials will acquire Sabanci Holding’s offered 39.72% stake in Akçansa, taking its ownership from 39.72% to 79.44% and moving to majority control to strengthen its position in Turkey and the Mediterranean Basin.
Assets and footprint
Akçansa is an integrated cement and building materials producer listed on Borsa Istanbul, operating three cement plants, 26 ready‑mixed concrete plants, five aggregate quarries and five cement terminals across five seaports in the Marmara, Aegean and Black Sea regions; the Marmara region accounts for roughly 70% of Turkey’s economic output.
Strategic rationale and synergies
Majority ownership is intended to unlock operational, commercial and logistical synergies, improve competitiveness and decision‑making, and expand export capabilities from a cost‑competitive production hub; the assets enable dynamic volume allocation to domestic markets and exports to the Mediterranean basin, Black Sea region and the US East Coast, with additional upside from reconstruction and infrastructure demand in neighbouring areas.
Conditions
The transaction is subject to regulatory approvals, and following completion Heidelberg Materials will comply with applicable capital market requirements.
Source: Heidelberg Materials