# Tianshan Cement to acquire cement assets from Ningxia Building Materials

Tianshan Cement Co., Ltd. signed a letter of intent to acquire cement-related business subsidiaries from Ningxia Building Materials Group Co., Ltd. for cash. The announcement was made on April 15, 2022.

- Type: Acquisition
- Announced: 2022-04-15
- Where: China
- Status: announced
- Products: cement, cement clinker, concrete, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China Building Materials Corporation](https://endata.com/companies/22634.md)
- [China Building Materials Corporation](https://endata.com/companies/22634.md) (partner)
- [Tianshan Cement](https://endata.com/companies/48814.md) (acquirer)
- [Ningxia Building Materials](https://endata.com/companies/55002.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/703992.html), 2022-04-18: "于2022年4月15日，宁夏建材及天山水泥签订了一份合作意向书，有关一项资产转让，拟由天山水泥以现金收购宁夏建材所持水泥等相关业务子公司的控股权等资产。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/715629.html), 2022-04-28: "该公司附属宁夏建材与该公司附属天山水泥订立了资产重组示意性协议，有关天山水泥拟向宁夏建材收购标的水泥资产。"

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