# BBMG to inject cement assets into Tangshan Jidong Cement

BBMG Group (02009.HK) will inject its cement-related assets into Tangshan Jidong Cement (000401.SZ) through a capital increase in a joint venture and a cash acquisition. The deal includes 7 companies' equity from BBMG and 5 companies' equity plus RMB 2.482 billion cash from Jidong, with total asset valuation of RMB 1.537 billion for the cash portion.

- Type: Acquisition
- Announced: 2019-01-09
- Where: China
- Value: $228.0M (1.54B CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [BBMG Group](https://endata.com/companies/29065.md)
- [BBMG Group](https://endata.com/companies/29065.md) (acquirer)
- [Tangshan Jidong Cement](https://endata.com/companies/30286.md) (acquirer)
- [Tangshan Jidong Cement](https://endata.com/companies/30286.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/175417.html), 2019-01-09: "金隅集团将水泥等业务相关资产通过增资合资公司及冀东水泥现金收购两种方式注入冀东水泥。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/179466.html), 2019-01-30: "至此，本次交易全部决策程序均已履行完毕，全部应获得的批准或授权均已获得。"

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