China Resources acquires stakes
According to local reports, China Resources Cement Holdings has acquired stakes in four cement companies for a total of 406 million yuan.
In addition to three stakes worth 10% each in Guangzhou Yubao Cement, Yuesheng Concrete and Yuequn Concrete, the company has also purchased a 29% stake in Zhujiang Cement.
If the transactions go ahead, China Resources Cement Holding will possess a 64.5% stake in Zhujiang Cement, as well as 55% stakes in the other three companies.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/25012011/china_resources_acquires_stakes/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Amrize debuts as independent, publicly traded company
Amrize announces its debut today as an independent, publicly traded company with the completion of its 100% spin-off from Holcim.
