# China National Building Material to form joint venture integrating Henan cement assets

China National Building Material (CNBM), through its subsidiary China United Cement, agreed to form a joint venture with Henan Investment Group to integrate cement resources in Henan province. CNBM will contribute 5.535 billion yuan for a 60% stake.

- Type: Acquisition
- Announced: 2019-09-27
- Where: Henan province, China
- Value: $780.0M (5.54B CNY)
- Status: announced
- Products: cement, cement products, aggregates, concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md)
- [China National Building Material Group](https://endata.com/companies/20207.md) (acquirer)
- [China United Cement](https://endata.com/companies/42357.md) (acquirer)
- [Henan Investment Group](https://endata.com/companies/42358.md) (partner)
- [China Testing & Certification Group](https://endata.com/companies/43185.md) (acquirer)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/240398.html), 2019-09-27: "公司全资附属中国联合水泥与河南投资集团签订股东协议，订约方同意于中国成立合营公司。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/250644.html), 2019-11-08: "This restructuring and integration of testing businesses with China Testing & Certification Group is conducive to resolving the competition issue between the Group and China Testing & Certification Group."

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