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Taiwan Cement to acquire majority stake in Engie EPS

Taiwan Cement to acquire majority stake in Engie EPS Written by Global Cement staff 07 May 2021 Italy: Taiwan-based Taiwan cement has agreed to acquire Engie’s 60% stake in battery and hydrogen power systems supplier Engie EPS. The aggregate value of the deal is Euro132m. The producer expects to close the deal in mid-late 2021, whereupon it will launch an all-cash mandatory tender offer for the company’s remaining shares. Taiwan Cement ...
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