# Tianshan Cement to acquire cement assets from China建材 for 98.1 billion yuan

Tianshan Cement announced a restructuring plan to acquire 100% of Zhonglian Cement, 99.9274% of Nanfang Cement, 95.7166% of Xinan Cement, and 100% of Zhongcai Cement from China建材 and 26 other parties for approximately 98.1 billion yuan.

- Type: Acquisition
- Announced: 2021-03-02
- Where: China
- Value: $15.1B (98.1B CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China](https://endata.com/companies/42818.md) (target)
- [Tianshan Cement](https://endata.com/companies/48814.md) (acquirer)
- [Zhonglian Cement](https://endata.com/companies/48859.md) (target)
- [Nanfang Cement](https://endata.com/companies/48860.md) (target)
- [Xinan Cement](https://endata.com/companies/48862.md) (target)
- [Zhongcai Cement](https://endata.com/companies/48863.md) (target)

## Sources

- [yicai.com](https://www.yicai.com/news/100965060.html), 2021-03-02: "天山股份发布公告称，公司拟采用发行股份及支付现金的方式，向中国建材等26名交易对方购买中联水泥100%股权、南方水泥99.9274%股权、西南水泥95.7166%股权及中材水泥100%股权等资产。"

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