Peru’s Brescia buys part of Lafarge Chile unit

Peru’s Brescia buys part of Lafarge Chile unit
Published: 02 September 2009

Peru’s Brescia group has completed the purchase of a large stake in the Chilean unit of Lafarge SA, the Peruvian conglomerate said late Monday.

In a filing to Peru’s securities regulator, Brescia said that some of its subsidiaries had agreed to pay US$435m for Inversiones Blue Circle Chilean Holdings Limitada, which controls Lafarge Chile SA

A unit of the Brescia group said it had paid US$292m so far for various packages of shares in the Chilean cement producer.

The Brescia group on August 27 launched a public offer for all shares in Lafarge Chile SA.

Lafarge announced in late July that it had agreed to sell its Chilean cement, aggregates and concrete assets to the Brescia Group as part of Lafarge’s global divestment plan.