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News Retired workers demand 10% share of Soboce

Retired workers demand 10% share of Soboce

Written by Global Cement staff 27 December 2018
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Bolivia: A group of retired workers who used to work for Sociedad Boliviana de Cemento (Soboce) have asked for a 10% share in the cement producer. They have made their request to the company’s largest shareholder, the businessman and politician Samuel Doria Medina, according to the La Razon newspaper. They were allocated a 10% share in the business in 1975. However, the pensioners allege that Doria Medina cancelled their shares using false documentation. Doria Medina holds a 49% share in the company. He sold the other 51% share for US$300m to Holding Cementero, the largest shareholder of Consorcio Cementero del Sur, which is part of Gloria Group in 2014.

Last modified on 27 June 2024
Published in Global Cement News
Tagged under
  • Bolivia
  • SOBOCE
  • Shares
  • Workers
  • Holding Cementero
  • Consorcio Cementero del Sur
  • GCW385
  • Grupo Gloria
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