Birlas eye Latam assets of Cemex, Votorantim Cimentos - report

Birlas eye Latam assets of Cemex, Votorantim Cimentos - report
Published: 08 September 2011

The Aditya Birla Group may make an offer to buy certain Latin American assets of Cemex, at least four sources said, reports the Economic Times of India.

The Birla’s are also in talks with Brazilian industrial giant Votorantim Group to buy some of their assets located in South America, according to two of the people quoted above.



An acquisition could cost Birla Group flagship UltraTech cements in excess of US$1bn.