# BBMG acquires additional 11.816% stake in Tianjin Building Materials Group for CNY980M

BBMG Group (Jinyu Group) won a public tender to acquire an 11.816% stake in Tianjin Building Materials Group (Holdings) from Tianjin Education Development Investment for about CNY980 million, increasing its ownership from 55% to 66.816%.

- Type: Acquisition
- Announced: 2024-09-25
- Where: Tianjin, China
- Status: completed
- Products: building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [BBMG Group](https://endata.com/companies/29065.md) (acquirer)
- [Tianjin Building Materials Group (Holdings)](https://endata.com/companies/80123.md) (target)
- [Tianjin Education Development Investment](https://endata.com/companies/80124.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1189351.html), 2024-09-30: "金隅集团(02009)公布，于2024年9月25日，该公司于天津产权交易中心举行的公开招标程式中成功竞拍卖方(天津教育发展投资有限公司)提呈出售的标的股权。"

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