Ratanarak Group acquires 25.54% stake in Siam City Cement from Jardine Cycle & Carriage for $353.97m.

Ratanarak Group acquires Jardine Cycle & Carriage's 25.54% stake in Thailand's Siam City Cement for $353.97m, boosting its controlling shareholder, Sunrise Equity, to 71.88%. The deal is valued at 47.68 billion baht. Ratanarak, a Chinese-Thai business family, has investments in various local firms.

August 19, 2024
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