Brazil: Buzzi has finalised the acquisition of the remaining 50% stake in Companhia Nacional de Cimentos (CNC) from Brennand Cimentos, securing full control over the joint venture. The deal, valued at US$311m, was approved by Brazil's Administrative Council for Economic Defense (CADE), according to Movimento Econômico. CNC has been operational since 2018 and has five integrated cement plants and two grinding plants in Brazil, with a total production capacity of 7.2Mt/yr. This acquisition follows initial transactions that began in June 2024.
Buzzi acquires full ownership of Companhia Nacional de Cimentos
URL: https://www.globalcement.com/news/item/17949-buzzi-acquires-full-ownership-of-companhia-nacional-de-cimentos
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