# Jidong Cement to acquire 40% stake in China-Africa Jidong Building Materials Investment

Jidong Cement, a subsidiary of BBMG, agreed to acquire a 40% stake in China-Africa Jidong Building Materials Investment from China-Africa Fund for approximately 200 million yuan, gaining control of Mamba Cement in Tanzania.

- Type: Acquisition
- Announced: 2024-04-29
- Where: Tanzania
- Value: $27.7M (200.0M CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jidong Cement](https://endata.com/companies/29064.md) (acquirer)
- [BBMG Group](https://endata.com/companies/29065.md) (investor)
- [China-Africa Fund](https://endata.com/companies/77121.md) (target)
- [China-Africa Jidong Building Materials Investment](https://endata.com/companies/77122.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1115965.html), 2024-04-30: "冀东水泥有条件同意向中非基金收购中非冀东建材投资有限责任公司40%股权，对价约为人民币2亿元。"

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