Global law firm DLA Piper advised Heidelberg Materials AG (Heidelberg, ETR: HEI) on the acquisition of Sabancı Holding’s (IST: SAHOL) 39.72% stake in Akçansa Çimento Sanayi ve Ticaret A.Ş. (Akçansa, IST: AKCNS), increasing Heidelberg’s shareholding in Akçansa from 39.72% to 79.44%. Heidelberg is currently assessing the requirement of a mandatory tender offer to the remaining shareholders of Akçansa.
Akçansa is a leading Turkish cement and building materials company listed on Borsa Istanbul. With three strategically located cement plants, 26 ready-mixed concrete plants, five aggregate quarries, and five cement terminals across five seaports, Akçansa plays a vital role in supplying key building materials to Türkiye’s most dynamic economic regions as well as other international markets.
The acquisition marks a significant strategic step for Heidelberg, strengthening its position in Türkiye, the Mediterranean Basin and other international growth markets; and enables Heidelberg to unlock operational, commercial and logistical synergies and further expand its export capabilities by leveraging one of the world’s most cost-competitive production hubs. The move to majority ownership will enable Heidelberg to fully consolidate and further develop Akçansa’s operational and strategic potential while strengthening its supply capabilities in a market with attractive long-term growth prospects.
Heidelberg is one of the world’s largest integrated manufacturers of heavy building materials and solutions, employing around 49,000 people in almost 50 countries. The company holds leading market positions in cement, aggregates and ready-mixed concrete.
The cross-practice DLA Piper team was led by partner Dr Christoph Dachner assisted by associate Dr Lukas Reitebuch (both Corporate). Partner Semin O and senior associate Julia Goetzendorff (both Lit&Reg) advised on the antitrust and regulatory aspects of the transaction.
Client relationship partner Dr Benjamin Parameswaran commented: “We are proud to advise Heidelberg Materials on yet another strategic transaction, reflecting the strength of our longstanding relationship and our ability to consistently deliver on complex, cross-border mandates around the globe.”
In Türkiye DLA Piper worked with Akol Law under the lead of Corporate partners Duygu Gültekin and Meltem Akol.
The Heidelberg Materials inhouse Legal team was led by Dr Inken Linder and included Roland Sterr (General Counsel), Natalya Seyalova, Dr Norbert Boese, and Julia Jung.
