Huaxin Cement acquires Cimentos de Moçambique

Chinese group Huaxin Cement, through its subsidiary Huaxin Hong Kong, acquired 100% of the shares held by InterCement in Nepal Portland Cement Company, which controls Cimentos de Moçambique, Mozambique's largest cement company.

“The Chinese group Huaxin Cement has taken control of Mozambique’s largest cement company, Cimentos de Moçambique (CM).”aimnews.org

• 2 sources
• aimnews.orgChinese company takes over Cimentos de Moçambique – aimnews.orgAlberto MassangoAug 7, 2023
• 360mozambique.comCompetition Authority Approves Acquisition of Cimentos de Moçambique By Chinese Group • 360 MozambiqueBárbara HenriquesSep 13, 2023

Summarized from public sources; check the original articles before acting on it.