CNBM to acquire SINOMA in merger of Chinese building materials giants

China National Building Materials Group Corp (CNBM) will acquire all shares of China National Materials Group Corp (SINOMA), creating China's largest nonmetal materials manufacturer with total assets of over 550 billion yuan ($84.32 billion). The merger was announced last year and approved by SASAC.

“The upcoming merger between two State-owned building materials manufacturers will give the new entity a clear edge, especially in the cement business, over other global peers.”chinadaily.com.cn

• 1 source
• chinadaily.com.cnMix will firm up concrete industry - Chinadaily.com.cnZhong Nan, Zou ShuoSep 13, 2017

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