# Conch Cement to acquire 51% stake in Wuhu South Cement

Conch Cement (海螺水泥) will acquire a 51% stake in Wuhu South Cement (芜湖南方水泥) and about 400 million yuan in debt from the transferor, as per an internal source.

- Type: Acquisition
- Announced: 2019-04-01
- Where: Wuhu, China
- Value: $59.0M (396.4M CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Conch Cement](https://endata.com/companies/36463.md) (acquirer)
- [Wuhu South Cement](https://endata.com/companies/38425.md) (target)

## Sources

- [sina.cn](https://www.sina.cn/news/detail/4356399636767742.html), 2019-04-01: "海螺水泥将接手芜湖南方水泥转让的51%股权及公司持有的将近4亿元人民币债权"

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