China Resources Cement to pay US$237m for 40% stake in Yunnan Kunming Iron & Steel Building Materials

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China: China Resources Holdings has agreed to pay US$237m for a 40% stake in Yunan Province-based cement producer Yunnan Kunming Iron & Steel Building Materials Group Co in a bid to lift production capacity, according to Dow Jones. Yunnan Kunming Iron & Steel Building Materials Group Co is currently a 100% owned unit of state-owned Kunming Iron & Steel Holding Co Ltd. China Resources plans to fund the investment via internal resources and bank borrowing, it said.

Last modified on 16 September 2015

URL: https://globalcement.com/news/item/4121-china-resources-cement-to-pay-us-237m-for-40-stake-in-yunnan-kunming-iron-steel-building-materials

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