Camargo Correa on Rating Watch Negative

Camargo Correa on Rating Watch Negative
Published: 09 April 2012

Tagged Under: Cimpor Camargo Correa 

Fitch Ratings has placed all of the ratings of Camargo Correa and its subsidiaries on Rating Watch Negative following the Brazilian conglomerate's announcement that it intends to buy full control of Cimpor.
Last week Camargo made a public offer for the remaining 67 per cent of Cimpor which it does not own. At EUR5.5 per share, the deal is the equivalent to EUR2.5bn.



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