China: West China Cement will sell Yili Yaobai Cement, Huocheng County Nangang Xixin Mining Industry and Xinjiang Baihang Environmental Protection Technology to Anhui Conch Cement and Conch (Shaanxi) for US$55m via its subsidiary Yaobai Special Cement Group, according to MT Newswires. It will also divest three additional assets for US$22.5m, US$128m and US$23.7m under separate agreements. The sales remain subject to board approval and other conditions.
West China Cement to sell assets to Anhui Conch for US$230m
URL: https://www.globalcement.com/news/item/18933-west-china-cement-to-sell-assets-to-anhui-conch-for-us-230m
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