Singapore-listed Jardine Cycle & Carriage Monday said it will pay $615 million (S$842 million) for a 24.9 per cent stake in Thailand’s second largest cement maker Siam City Cement.
Siam City Cement, that is listed on the Thailand stock exchange, owns three plants with a total cement production capacity of 14.5 million tonnes per annum. In addition to cement, it also produces concrete and other building materials.
