China’s Tianrui Cement cancels plan to acquire Yongan Cement

China Tianrui Group Cement is reported to have cancelled its plan to acquire 100% stake in China-based Henan Yongan Cement from Tianrui Group. Tianrui Cement entered into an agreement on 9 September 2015 with Tianrui Group to buy 100% stake in Yongan Cement for CNY 842.02 million (€115.91 million/US$129.42 million). Tianrui Cement reserves the right to make the acquisition again in the future.

Quarry Products / March 30, 2016

China Tianrui Group Cement is reported to have cancelled its plan to acquire 100% stake in China-based Henan Yongan Cement from Tianrui Group.

Tianrui Cement entered into an agreement on 9 September 2015 with Tianrui Group to buy 100% stake in Yongan Cement for CNY 842.02 million (€115.91 million/US$129.42 million).

Tianrui Cement reserves the right to make the acquisition again in the future.