Sinoma subsidiary to acquire Wuhai Xishui Cement

Written by Global Cement staff 26 June 2013

China: Sinoma has announced that its subsidiary Ningxia Building Materials has agreed to acquire a 55% equity interest in Wuhai Xishui Cement held by Xishui Strong Year for a cash consideration of US$43m. Wuhai Xishui Cement is currently owned by Ningxia Building Materials (45%) and Xishui Strong Year (55%).

Published in Global Cement News

Tagged under

China
Sinoma
Wuhai Xishui
Acquisition
GCW106

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