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News InterCement mulls stock market listing for European and African operations

InterCement mulls stock market listing for European and African operations

Written by Global Cement staff 30 January 2018
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Brazil: InterCement is considering listing its European and African operations on a stock market according to sources quoted by Reuters. The move has been discussed with investment banks and could take place in the second half of 2018. InterCement has refused to comment on the story. InterCement’s owner Camargo Corrêa was reported by local media to be looking for buyers for its cement business in 2017 to reduce its debts. Cement sales in Brazil dropped by 6.6% year-on-year to 53.8Mt in 2017.

Last modified on 31 January 2018
Published in Global Cement News
Tagged under
  • Brazil
  • Intercement
  • stock
  • Camargo Correa
  • Debts
  • GCW338

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