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News Camargo Corrêa exploring sale of 40% stake in Loma Negra

Camargo Corrêa exploring sale of 40% stake in Loma Negra

Written by Global Cement staff 08 December 2016
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Argentina: Brazilian cement producer Camargo Corrêa is in talks to sell a 40% stake in Loma Negra. The company is exploring a potential sale with an unspecified number of bidders, according to Reuters and Brazil Journal. The proceeds of any successful sale will be used to reduce the debts of InterCement, the holding company that Camargo Corrêa uses to manage assets it purchased from Cimpor. Loma Nega is the largest cement producer in Argentina.

Last modified on 14 December 2016
Published in Global Cement News
Tagged under
  • Argentina
  • Camargo Correa
  • Intercement
  • Brazil
  • Sale
  • Loma Negra
  • GCW281

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