# CNBM to buy Tunisian cement facilities for up to USD145 million

A group under China National Building Material Group agreed to buy Tunisian cement production facilities from Votorantim Cimentos' Spanish unit for up to USD145 million via a UAE SPV. The deal is pending regulatory approvals.

- Type: Acquisition
- Announced: 2024-07-29
- Where: Tunisia
- Value: $145.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Votorantim Cimentos](https://endata.com/companies/15414.md) (partner)
- [China National Building Material Group](https://endata.com/companies/20207.md) (acquirer)
- [Sinoma International Engineering](https://endata.com/companies/21384.md) (acquirer)
- [Tianshan Material](https://endata.com/companies/78830.md) (acquirer)
- [Société Les Ciments de Jbel Oust](https://endata.com/companies/78831.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-national-building-material-buys-cement-business-in-tunisia-for-up-to-usd145-million), 2024-07-29: "The deal should help the buyers promote the international layout of their cement business."

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