BBMG to buy stakes, assets from parent, affiliates

BBMG to buy stakes, assets from parent, affiliates
01 June 2010


Chinese building materials producer BBMG Corp said Monday it will acquire stakes in cement plants and building materials firms and related assets from its parent and affiliates for a total of CNY2.65bn.
 
BBMG, the largest cement supplier in Beijing by sales, said in a statement it will acquire stakes in 16 firms and land use rights to two sites in Beijing.
Published under Cement News