# BUA Cement merges Kalambaina Cement with Cement Company of Nigeria

BUA Cement merged its subsidiary Kalambaina Cement with publicly traded Cement Company of Nigeria (CCNN), after receiving approval from the Nigerian SEC and Federal High Court.

- Type: Acquisition
- Announced: 2019-01-02
- Where: Nigeria
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [BUA Cement](https://endata.com/companies/35404.md)
- [Kalambaina Cement Company](https://endata.com/companies/34913.md) (target)
- [Cement Company of Nigeria](https://endata.com/companies/36447.md) (target)

## Sources

- [forbes.com](https://www.forbes.com/sites/mfonobongnsehe/2019/01/02/nigerian-tycoon-abdulsamad-rabiu-gains-650-million-after-cement-firm-merger/), 2019-01-02: "Abdulsamad Rabiu has become at least $650 million richer after merging Kalambaina Cement, a subsidiary company of his BUA Cement, with publicly traded Cement Company of Nigeria"

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