Cimpor is considering the construction of a kiln line at its grinding plant at its Dondo grinding centre in Mozambique.

Cimpor is at the receiving end of a €2480m bid from Camargo Corrêa, valuing each share at €5.50, a 10% premium on the pre-offer share price. The offer is being made through InterCement Austria, a wholly-owned subsidiary of Camargo Corrêa. Camargo Corrêa is currently the sixth-largest cement producer in Brazil, and market leader in Argentina, while Cimpor is the number four in Brazil. Together, the two companies would form the second largest in Brazil, but would still be less than a third of the size of market leader Votorantim.

To continue reading this story and have 100% free access to the website, please Register for a subscription to International Cement Review or Login