# Zhongneng International to acquire 65% stake in Mozambique cement plant

Zhongneng International entered into a memorandum of understanding to acquire a 65% interest in a cement plant in Pemba, Mozambique, from China Hong Kong Construction Group. The plant has an annual cement production capacity of 300,000 to 400,000 tons.

- Type: Acquisition
- Announced: 2020-11-19
- Where: North Pemba City, Cabo Delgado Province, Mozambique
- Status: announced
- Capacity: 300000-400000 tons per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Zhongneng International](https://endata.com/companies/51317.md) (acquirer)
- [China Hong Kong Construction Group](https://endata.com/companies/51318.md) (target)

## Sources

- [e.ccement.com](https://e.ccement.com/news/content/95748711740835001.html), 2020-11-19: "The signing of the memorandum of understanding provided a good opportunity to spread its business to the industry and expand its future revenue base."

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