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.
March 30, 2016 Read time: 1 min

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

Related Content

April 11, 2014

China’s Asia Cement to acquire Lanfeng Cement

Taiwan-based Asia Cement’s subsidiary Asia Cement (China) will acquire a 100% shareholding in Sichuan Lanfeng Cement. The acquisition will also allow Asia Cement (China) to own 100% indirect stake in Sichuan Lanfeng Building Materials.

The deal was valued at CNY 2.05 billion (€240.83 million). The acquisition will be done via Asia Cement (China)'s subsidiary Sichuan Yadong Cement.

In Sichuan, Asia Cement (China)'s cement capacity will be raised to 1 million tonnes/year with the added annual capacity o

boombox1

Highlighted Content

boombox2