China National Building Material Co (DE:D1Y) has released an update.
China National Building Material Co’s subsidiary, Sinoma Cement, has inked a deal to acquire all shares of a Tunisian target group from Votorantim Cimentos for USD 130 million, with adjustments not to exceed USD 15 million. The acquisition, which will make the target company and its subsidiary GJO indirect subsidiaries of China National, is classified as a disclosable transaction under the Hong Kong Stock Exchange rules.
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