Camargo Correa: no deal with Lafarge

Camargo Correa: no deal with Lafarge
Published: 15 January 2010

Camargo Correa, which has offered to buy a minority stake in Portugal’s cement maker Cimpor on Thursday denied media reports that it was in talks with Lafarge to buy its 17 per cent Cimpor stake.

"There is no deal between Camargo Correa and Lafarge (or any other company linked to it) to buy its stake in Cimpor, and there are no ongoing talks for that purpose," Camargo said in a statement, confirming its intention to merge its cement business with Cimpor’s.

Lafarge has also earlier denied reports in Portuguese media it had a deal with Camargo. Cimpor is already the target of a takeover bid by Brazil’s steelmaker CSN announced last month.