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One of Türkiye's leading conglomerates, Sabanci Holding, announced on Wednesday that it has received a binding offer of approximately $437 million for its 39.72% stake in cement producer Akcansa.
The offer, which values the entire company at $1.1 billion, was submitted by an unrelated third party and will remain valid until a final share transfer agreement is signed, the group said in a public filing.
The proposed amount, subject to adjustments for Akcansa’s debt and cash positions, will be evaluated by Sabanci in accordance with its contractual obligations and applicable legal requirements. By those calculations, the $1.1 billion offer implies a roughly 35% premium to Akcansa’s market capitalization of about $812.6 million.
The company is one of the most profitable ventures in Sabanci's portfolio; according to its latest financial report, Akcansa generated ₺17.01 billion ($393 million) in revenue during the first nine months of 2025.
Following the announcement, Akcansa shares jumped 9.99% at market open on Borsa Istanbul, while Sabanci shares climbed as much as 4.9% at their intraday high.
Akcansa is one of the leading building materials producers in Türkiye, with a total annual production capacity of 9.04 million tons of cement, the primary binding agent in concrete. It also produces 7.04 million tons of clinker, a semi-finished material produced by heating limestone and clay, and 2.73 million tons of aggregate, which includes raw construction materials such as sand, gravel, and crushed stone.
Its terminal operations, which support distribution and storage, can handle an additional 2.05 million tons per year.
Akcansa is jointly owned by Sabanci Holding and Germany-based Heidelberg Materials, with each holding a 39.72% stake, while the remaining 20.56% of shares are publicly traded on the Borsa Istanbul.
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