# Jidong Cement and BBMG to form joint venture cement company

Jidong Cement announced a revised restructuring plan to form a joint venture with BBMG Group, where Jidong Cement will contribute 20 cement companies and 2 branch assets, and BBMG will contribute 10 cement companies. The joint venture will be controlled by Jidong Cement, making it the sole cement platform under BBMG.

- Type: Acquisition
- Announced: 2017-12-28
- Where: China
- Value: $465.0M (3.00B CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jidong Cement](https://endata.com/companies/29064.md)
- [BBMG Group](https://endata.com/companies/29065.md) (partner)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201712/t20171228_5645900.html), 2017-12-28: "冀东水泥（000401）公告称，与金隅集团的原重大资产重组方案调整为双方以部分水泥企业股权或资产出资共同组建由冀东水泥控股的合资公司。"
- [zqrb.cn](http://www.zqrb.cn/gscy/gongsi/2018-01-12/A1515766027241.html), 2018-01-12: "冀东水泥拟以所持有的冀东水泥滦县有限责任公司等20家公司的股权及唐山冀东水泥股份有限公司唐山分公司等2家分公司的资产出资，金隅集团拟以所持有的金隅水泥经贸等10家公司的股权出资，双方共同组建一个合资公司——金隅冀东水泥（唐山）有限责任公司。"

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