Votorantim, Camargo Correa mull Cimpor investment

Votorantim, Camargo Correa mull Cimpor investment
Published: 08 December 2009

Votorantim and Camargo Correa are interested in investing in Cimpor, weekly newspaper Expresso said, without saying where it got the information.

Investment bankers representing the Brazilian companies met with leading Cimpor shareholders last week to determine if they’re willing to sell shares in the Portuguese cement company, Expresso said in its Dec. 5 edition. Votorantim and Camargo Correa would invest independently of one another, the newspaper said.

Expresso said an unidentified Votorantim official denied the company was in negotiations involving Cimpor, and it said no one was available to comment at Camargo Correa.