China: China National Building Material (CNBM) has agreed to buy a further 18.7% stake in Southwest Cement for US$295m from Zhonshai Trust. The building materials producer already owns a 70% majority stake in its subsidiary. The remaining stake in Southwest Cement is owned by Shanghai Zhentong (6.3%) and Beijing Huachen (5%).
CNBM increases majority share in Southwest Cement
URL: https://globalcement.com/news/item/7684-cnbm-increases-majority-share-in-southwest-cement
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