# China National Building Material subsidiary acquires Mudanjiang North Cement stakes

On August 18, 2017, China National Building Material's 70%-owned subsidiary North Cement agreed to acquire 51% of Mudanjiang North Cement from Jingang Group for CNY 213 million, and 19 subsidiaries of Mudanjiang North Cement for CNY 2.299 billion.

- Type: Acquisition
- Announced: 2017-08-18
- Where: China
- Value: $370.0M (2.51B CNY)
- Status: announced
- Capacity: 530 million tonnes of cement per year
- Products: cement, specialty cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md) (acquirer)
- [Sinoma International Engineering](https://endata.com/companies/21384.md) (target)
- [China National Materials Group Corporation](https://endata.com/companies/22633.md) (target)
- [North Cement](https://endata.com/companies/26357.md) (acquirer)
- [Mudanjiang North Cement](https://endata.com/companies/26358.md) (target)
- [Jingang Group](https://endata.com/companies/26359.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/75062.html), 2017-08-18: "2017年8月18日，公司拥有70%股权的北方水泥作为买方，拟自牡丹江北方收购其19家附属公司的股权，代价约人民币22.99亿元;此外，亦向金刚集团收购牡丹江北方51%股权，代价人民币2.13亿元。"
- [slaughterandmay.com](https://www.slaughterandmay.com/recent-work/slaughter-and-may-is-advising-cnbm-on-its-merger-by-absorption-of-sinoma-to-become-the-global-leading-cement-producer), 2017-09-08: "Slaughter and May is advising its long-standing client China National Building Material Company Limited (CNBM) in relation its merger by absorption of China National Materials Company Limited (Sinoma) by way of share-exchange."
- [davispolk.com](https://www.davispolk.com/experience/china-national-building-material-company-limited-merges-china-national-materials-company), 2017-09-12: "The proposed merger will be effected through a securities exchange offer under which CNBM will issue new shares in exchange for all of the issued Sinoma shares at an agreed exchange ratio."
- [cnbm.com.cn](https://www.cnbm.com.cn/CNBM/000000020002/40870.html), 2017-09-13: "两公司合并是去年原中建材与原中材重组后旗下旗舰上市公司整合迈出的实质性步伐，将极大提升两公司的协同效应。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.