South Africa: China-based Huaxin Cement completed its acquisition of Brazil-based InterCement’s South African business on 27 December 2023. MarketScreener News has reported that financial services firm JPMorgan Chase acted as advisor to InterCement. The deal concludes the Brazilian company’s exit from Africa, after it sold its Egyptian and Mozambique businesses earlier in 2023.
Huaxin Cement completes acquisition of InterCement’s South African business
Written by Global Cement staff
Published in
Global Cement News
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.