Cementos Bío Bío in debt restructuring plan, Chile
Cementos Bío Bío (CBB) – the company controlled by the Briones family – is in full process of debt restructuring after it sold on 15 July last its ceramics businesses in the USA, Ecuador, Peru and Chile, which were under the wing of the CISA subsidiary (Cerámicas Industriales SA).
The buyer was an Ecuadorian group with experience in the sector and negotiations were conducted through a company of Panamanian origin called Podolia. The operation did not include the subsidiary in Venezuela, Vencerámica.
Published under Cement News
