Peru/China: China's Jidong Development Group may finalise discussions regarding the takeover of Peruvian cement firm Cementos Interoceanicos in the next couple of weeks, according to local media. With the acquisition, Jidong will be able to further expand its global reach.
Jidong representatives have visited Cementos Interoceanicos' activities in Puno, southeast Peru, as part of the negotiations process, the news provider explained, adding that Cementos Interoceanicos is currently developing its manufacturing plant in the region. Cementos Interoceanicos also holds mining rights to 54km2 of land in the Puno region, smaller areas in Arequipa and other areas.