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flag Heidelberg Materials buys 39.72% of Akcansa for $1.1 billion.

flag 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. flag The deal, subject to regulatory approval, expands Heidelberg’s presence in Turkey's growing construction sector. flag Separately, Sabanci sold its stake in the Carrefoursa supermarket chain to Yeni Magazacılık.

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