Heidelberg Materials in Türkiye steps up to a majority stake in Akçansa
Figure: Akçansa cement plant (Credit: Heidelberg Materials)
Heidelberg Materials is increasing its shareholding in Akçansa to 79.44%, in accepting to acquire the offered 39.72% stake of Sabanci Holding in the company. By moving to majority control, Heidelberg Materials will significantly strengthen its strategic positioning in Turkey, the Mediterranean Basin, and beyond. Akçansa operates three cement plants, 26 ready-mixed concrete plants, five aggregates quarries, and five cement terminals across five seaports in the Marmara, Aegean, and Black Sea regions. With this transaction, Heidelberg Materials expects to generate significant operational, commercial, and logistical synergies that can be fully captured under majority ownership. The transaction is subject to regulatory approvals.
“This transaction is fully aligned with our strategy of strengthening leading positions in core markets with attractive long-term fundamentals,” said Dr. Dominik von Achten, Chairman of the Managing Board of Heidelberg Materials. “It provides us with the opportunity to further optimise our portfolio and strengthen our supply capabilities in a region with compelling growth opportunities.”
“Majority ownership allows us to unlock Akçansa’s full operational and strategic potential,” said Hakan Gurdal, member of the Managing Board of Heidelberg Materials and responsible for Africa-Mediterranean-Western Asia. “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.”
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