China National Building Material's (HKG:3323) subsidiary Sinoma Cement agreed to acquire all the 1,086,900 shares of the Société Les Ciments de Jbel Oust for $130.0 million from Votorantim Cimentos, a Friday filing with the Hong Kong Exchange said.
Société Les Ciments de Jbel Oust is Tunisia based and own all the shares of its subsidiary Granulats Jbel Oust. The target company and GJO are both engaged in the production of cement and related products.
The target company and GJO will become the company's subsidiaries upon completion of the share purchase agreement.
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