Cement News tagged under: Jardine Cycle and Carriage

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Thailand-based Ratanarak Group buys out Jardine Cycle and Carriage’s Siam City Cement stake for US$354m

19 August 2024, Published under Cement News

The Ratanarak Group has increased its stake in Siam City Cement to 71.88 per cent by buying out Singapore-based Jardine Cycle and Carriage’s 25.54 per cent stake. The value of the transaction, carried out via Ratanarak’s subsidiary Sunrise Equity, is THB12.18bn (US$353.97m).