Minetti takes Bolivian concrete company

Minetti takes Bolivian concrete company
Published: 23 March 2005

Argentina: Juan Minetti, a subsidiary of Holcim, has taken control in the Bolivian based concrete company Corcecruz, pushing up its stake from 50 per cent to 100 per cent. The deal, estimated at US$450,000, was actually a swap of debts held by individual shareholders of Corcecruz with Minetti. Corcecruz is to be liquidated soon, as part of a strategy of Minetti to divest in non core businesses.