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News Schwenk Zement receives clearance to increase Akmenes Cement stake to 97%

Schwenk Zement receives clearance to increase Akmenes Cement stake to 97%

Written by Global Cement staff 04 June 2021
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Lithuania: The Lithuanian Competition Council has permitted Germany-based Schwenk Zement to increase its stake in Akmenes Cement to 97% from 47%. The markets authority also granted permission for Schwenk Zement’s 75% acquisition of limestone and clay producer Kalcitas and 100% acquisitions of building materials suppliers Cemeka and Lanku Bokstai.

Last modified on 08 June 2021
Published in Global Cement News
Tagged under
  • Lithuania
  • Schwenk Zement
  • Akmenes Cementas
  • Acquisition
  • Stake
  • Shares
  • Competition
  • approval
  • Lithuanian Competition Council
  • Germany
  • Plant
  • GCW509

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