# New Tianshan Cement to acquire majority stake in Ningxia Building Materials

China National Building Material subsidiary New Tianshan Cement plans to increase its stake in Ningxia Building Materials to 51% from 49% for $373 million.

- Type: Acquisition
- Announced: 2023-06-28
- Where: China
- Value: $373.0M
- Status: announced
- Products: cement, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md) (investor)
- [Ningxia Building Materials](https://endata.com/companies/55002.md) (target)
- [New Tianshan Cement](https://endata.com/companies/71118.md) (acquirer)

## Sources

- [globalcement.com](https://www.globalcement.com/news/16587-new-tianshan-cement-to-acquire-majority-stake-in-ningxia-building-materials), 2023-06-28: "China National Building Material (CNBM) subsidiary New Tianshan Cement plans to increase its stake in Ningxia Building Materials to 51% from 49% for US$373m."

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