Baring Asia helps reset Korea cement sector

The private equity firm’s sale of Halla Cement to Asia Cement could give an extra fillip to pricing power for the top players.

Baring Asia helps reset Korea cement sector

Korea's cement sector is resetting fast.

Baring Private Equity Asia’s sale of Halla Cement to a mid-tier Korean cement company, Asia Cement, is the latest in a string of deals that could strengthen pricing power.

The acquisition will transform Asia Cement into the third largest cement player in Korea with an 18% market share, up from seventh largest with a 7% share.

Baring Asia sold all of Halla Cement...

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