# CNBM to increase stake in Tianshan Cement to 88% as part of restructuring

China National Building Materials (CNBM) plans to increase its stake in Tianshan Cement to 88% from 46%. Tianshan Cement will acquire China United Cement, Sinoma Cement, and majority stakes in Southwest Cement and South Cement. Tianshan Cement also agreed to buy Jiangxi Wannianqing Cement's 1.3% stake in South Cement for US$96.0m.

- Type: Acquisition
- Announced: 2021-03-03
- Where: China
- Value: $96.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Southwest Cement](https://endata.com/companies/32700.md) (target)
- [China United Cement](https://endata.com/companies/42357.md) (target)
- [Tianshan Cement](https://endata.com/companies/48814.md) (target)
- [Sinoma Cement](https://endata.com/companies/48942.md) (target)
- [South Cement](https://endata.com/companies/48943.md) (target)
- [Jiangxi Wannianqing Cement Co., Ltd.](https://endata.com/companies/49064.md) (partner)
- [China National Building Materials (CNBM)](https://endata.com/companies/53626.md) (acquirer)

## Sources

- [globalcement.com](https://www.globalcement.com/news/12760-china-national-building-materials-continues-restructuring), 2021-03-03: "China National Building Materials (CNBM) plans to increase its stake in Tianshan Cement to 88% from 46% as part of its restructuring drive."

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