Turkey: Sançim acquired by Aşkale Çimento


Updated Mon, 12 Jan 2015 11:29:51 GMT

Turkish cement company Sançim Cimento has been acquired by Aşkale Çimento. The acquisition follows the recently-aborted acquisition of Sançim by another firm, Çimsa, for Euro185.m. The new owner of Sançim is a joint venture of Sönmez Holding (43%), Aunde Teknik (38%), E.N.A. Tekstil (10%) and Umut Insaat (9%).