BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China

BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China
30 April 2013


BBMG Corporation has entered into an agreement to acquire a 66.67 per cent stake in Hebei Taihang Xuaxin Building Materials Co from BBMG Group Company Ltd.

The transaction is valued at CNY131.88m (US$21.15m) in cash and will be paid by BBMG to BBMG Group Company within 15 days after the date of the equity transfer agreement.

Published under Cement News