Huaxin Cement Co., Ltd. acquired Operations in South Africa of InterCement Participações S.A.
Huaxin Cement Co., Ltd. (SHSE:600801) signed an agreement to acquire Operations in South Africa of InterCement Participações S.A. from InterCement Participações S.A. on June 27, 2023. Africa Business has enterprise value of $265 million JPMorgan Chase & Co. (NYSE:JPM) acted as Financial advisor to InterCement Participações S.A.
Huaxin Cement Co., Ltd. (SHSE:600801) completed the acquisition of Operations in South Africa of InterCement Participações S.A. from InterCement Participações S.A. on December 27, 2023.