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CNBM, Sinoma merger needs Mofcom antitrust clearance

By MLex Staff ( September 8, 2016, 04:33 GMT | Insight) -- A merger between Chinese central government-owned construction material companies CNBM and Sinoma requires antitrust approval from China’s Ministry of Commerce, or Mofcom. Both companies signed a restructuring agreement on Sept. 5, and the deal was approved by the State-Owned Assets Supervision and Administration Commission, or Sasac, last month. A merger between Chinese central government-owned construction material companies China National Building Materials Group Corp, or CNBM, and China National Material Group Corp, or Sinoma, requires antitrust approval from China’s Ministry of Commerce, or Mofcom. ...

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