Turkey’s Sancim acquired by Askale Cimento

Turkish cement firm Sancim Bilecik Cimento (Sancim) has been acquired by Askale Cimento. The acquisition follows the recently aborted acquisition of Sancim by another firm, Cimsa, for €185.14 million. The new owner of Sancim is a joint-venture of Sonmez Holding (43%), Aunde Teknik (38%), E.N.A. Tekstil (10%) and Umut Insaat (9%).
January 7, 2015 Read time: 1 min

RSSTurkish cement firm Sançim Cimento (7962 Sançim) has been acquired by 7963 Aşkale Çimento. The acquisition follows the recently aborted acquisition of Sancim by another firm, 4282 Cimsa, for €185.14 million. The new owner of Sancim is a joint-venture of Sonmez Holding (43%), Aunde Teknik (38%), E.N.A. Tekstil (10%) and Umut Insaat (9%).

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