Sabancı Holding announced sale of its 39.72% stake in Akcansa Cimento to Heidelberg Materials, valuing the cement firm at $1.1 billion EV.
The transaction doubles Heidelberg Materials’ ownership in Akcansa to 79.44%, though the cash consideration was not disclosed.
Sabancı also confirmed its exit from retailer CarrefourSA, aligning with its strategy to divest low‑margin assets.
Analysts note the moves aim to streamline operations and improve profitability.