Heidelberg Materials has struck a deal which will expand its shareholding in Akçansa from 39.72 per cent to 79.44 per cent.
The agreement will expand Heidelberg Materials’ position in Türkiye, as the company has accepted an offer from Sabanci Holding to acquire a further 39.72 per cent stake in Akçansa, increasing its shareholding. The deal is subject to regulatory approvals at the time of writing.
“This transaction is fully aligned with our strategy of strengthening leading positions in core markets with attractive long-term fundamentals,” Heidelberg Materials chairman of the managing board Dr Dominik von Achten said.
“It provides us with the opportunity to further optimise our portfolio and strengthen our supply capabilities in a region with compelling growth opportunities.”
Akçansa has a large operational network which spans the Marmara, Aegean and Black Sea regions with three cement plants, 26 ready-mixed concrete plants, five aggregates quarries, and five cement terminals across five seaports.
Heidelberg Materials managing board member Hakan Gurdal said the deal provided access to attractive market locations.
“Majority ownership allows us to unlock Akçansa’s full operational and strategic potential,” he said.
“The Marmara region is the economic engine of Turkey, and Akçansa is exceptionally well-positioned within it. With full consolidation, we can accelerate our growth by enhancing our decision making, improving competitiveness, and expanding our role as a key supplier to both domestic and global export markets.”
