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Heidelberg Materials buys 39.72% of Akcansa for $1.1 billion.
German construction firm Heidelberg Materials is acquiring a 39.72% stake in Turkish cement producer Akcansa from Sabanci Holding, increasing its ownership to 79.44% for an enterprise value of $1.1 billion.
The deal, subject to regulatory approval, expands Heidelberg’s presence in Turkey's growing construction sector.
Separately, Sabanci sold its stake in the Carrefoursa supermarket chain to Yeni Magazacılık.
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Heidelberg Materials compra el 39.72% de Akcansa por $1.1 mil millones.