China National Building Materials (CNBM) - July 2016
All eyes will be back on China National Building Materials (CNBM) as the country announces the latest deal in its drive to consolidate its cement sector. Beijing-based cement producer and building materials supplier, Beijing Building Materials Group (BBMG) Corporation is planning to sell stakes in 31 cement-related units to Jidong Cement. The deal is reported to be worth US$2.3bn. As part of the company restructuring following the transaction, Tangshan Jidong Cement will become a unit of BBMG.