# CCNN and Kalambaina Cement receive regulatory approvals for merger

Cement Company of Northern Nigeria (CCNN) Plc received pre-merger approvals from the Securities and Exchange Commission and the Nigerian Stock Exchange for its planned merger with Kalambaina Cement Company Limited, a subsidiary of BUA Group, where Kalambaina's assets will be taken over by CCNN in exchange for shares.

- Type: Acquisition
- Announced: 2018-10-16
- Where: Nigeria
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Bua Group](https://endata.com/companies/12552.md) (investor)
- [Cement Company of Northern Nigeria Plc](https://endata.com/companies/20971.md) (acquirer)
- [Kalambaina Cement Company](https://endata.com/companies/34913.md) (target)

## Sources

- [businesspost.ng](https://businesspost.ng/economy/sec-nse-approve-ccnn-kalambaina-cement-merger/), 2018-10-16: "The board of Cement Company of Northern Nigeria (CCNN) Plc has disclosed that approvals have been obtained from the duo of the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) for its planned merger with Kalambaina Cement Company Limited."

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