CP Cimento sale likely

CP Cimento sale likely
Published: 29 November 2005

CP Cimento is now reportedly up for sale. The indebted and loss-making cement maker is Brazil’s seventh largest with a five per cent market share and operates four plants in the populous South-east. Lafarge, which owns a small stake in the family-controlled company, as well as Cimpor and Camargo Corrêa may bid for some if not all of the CP Cimento assets.