Camargo Correa resumes Loma Negra negotiations

Camargo Correa resumes Loma Negra negotiations
Published: 12 April 2005

Loma Negra has resumed mergers negotiations with Camargo Correa that in 2004 made the best offer for its assets or US$1.0bn.The deal was nearly closed five months ago, and put on hold in the last minute due to discrepancies in the form payment. Loma Negra has 48 per cent of the Argentinean cement market and runs nine plants.