China’s Yaowangshan Cement to be 100%-owned by WCC

With a total value of CNY 767 million (€110.3 million/US$121.43 million), a 100% equity interest in China-based cement maker Yaowangshan Cement will be acquired by West China Cement (WCC) from China Jiantou Trust. The acquisition will be settled in cash. The value comprises of CNY 376 million in shareholders' loans and CNY 392 million of share capital.
November 2, 2015 Read time: 1 min

With a total value of CNY 767 million (€110.3 million/US$121.43 million), a 100% equity interest in China-based cement maker Yaowangshan Cement will be acquired by 8042 West China Cement (WCC) from China Jiantou Trust.

The acquisition will be settled in cash. The value comprises of CNY 376 million in shareholders' loans and CNY 392 million of share capital.

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