# CNBM increases majority stake in Southwest Cement for US$295m

China National Building Material (CNBM) agreed to buy an additional 18.7% stake in Southwest Cement for US$295m from Zhonshai Trust, increasing its ownership to 88.7%.

- Type: Acquisition
- Announced: 2018-06-21
- Where: China
- Value: $295.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md) (acquirer)
- [Southwest Cement](https://endata.com/companies/32700.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news?start=11552), 2018-06-21: "China National Building Material (CNBM) has agreed to buy a further 18.7% stake in Southwest Cement for US$295m from Zhonshai Trust."

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