# BBMG and Jidong Cement to form joint venture combining cement assets

BBMG Group and Jidong Cement signed a joint venture agreement on February 7, 2018, to establish a new company, BBMG Jidong Cement (Tangshan) Co., Ltd., by contributing their respective cement assets. The registered capital is 3 billion yuan, with total contributions of 15.5308 billion yuan.

- Type: Acquisition
- Announced: 2018-02-07
- Where: Beijing, China
- Value: $2.45B (15.5B CNY)
- Status: announced
- Products: cement, clinker, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/105912.html), 2018-02-07: "双方共同出资组建合资公司，涉及冀东水泥重大资产重组且构成重组上市，须经中国证监会核准后方可实施。"

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