# BBMG completes cement asset injection into Jidong Cement

BBMG Group completed the injection of its cement assets into Jidong Cement, following approval by Jidong Cement's shareholders on January 29, 2019. The transaction involved a major asset purchase and joint venture arrangement.

- Type: Acquisition
- Announced: 2019-03-25
- Where: China
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/191300.html), 2019-03-25: "至此，此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.