Competition Authority Approves Transfer of Sabancı's Akçansa Stake to Germany's HeidelbergMaterials

Turkey's Competition Authority has approved the acquisition of Akçansa — the cement company within Sabancı Holding — by German building-materials giant HeidelbergMaterials. According to Sözcü, the decision means Akçansa has formally passed under the control of the German company.

Akçansa ranks among Turkey's leading cement producers, and the deal is being watched as a significant transaction involving the transfer of a domestic industrial asset to a foreign acquirer. Neither the sale price nor the completion timeline was disclosed in Sözcü's report.

No official statement from Sabancı Holding explaining the rationale for the sale appeared in the report. With regulatory approval now secured, the transaction is expected to be finalized once the remaining legal procedures for the share transfer are concluded.