Turkish pensions fund interested in Lafarge's Romanian factories

Oyak Group, the pension fund of the Turkish Armed Forces, could buy some of the assets from cement producers Holcim and Lafarge, including in Romania, according to Bloomberg. Lafarge has announced it would sell all its assets in Romania, top reduce market share before merging with Holcim. It has two factories, at Medgidia and Hoghiz, and a grinding station in Târgu Jiu, which bring it a 33% market share. Oyak Group has some USD 2 billion in cash and some of it could go on cement production facilities in Romania, Serbia and Hungary. Oyak is also the biggest cement producer in Turkey, and recently finalized the takeover of producer Denizli Cimento for some USD 450 million. Irish CRH in race for Lafarge’s assets in Romania editor@romania-insider.com