Cement News tagged under: InterCement Participacoes SA
InterCement continues to downsize as it wrestles with debt25 August 2023, Published under Cement NewsInterCement Participacoes SA (ICP), based in Sao Paulo, Brazil, continues to off-load assets as it attempts to manage a debt pile accumulated over a decade ago when the company acquired Cimpor, in its former guise as Camargo Correa. The multinational cement company, still controls 33.6Mta capacity across markets in Argentina, Uruguay, Brazil, South Africa and Egypt, although agreements have been made for the sale of assets in Africa, following the sale of Mozambique. In recent years, t... |
InterCement assets in Brazil and Argentina are on other players' radar21 July 2023, Published under Cement NewsAccording to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos . Loma Negra has nine plants and 45 per cent of the market. According to Valor, the Brazilian operation could raise the interest of Buzzi, Vicat, Votorantim, CSN, Titan and Mizu. However, no official comment has been made from the parties in the article. In Brazil InterCement has a total production c... |
InterCement Participacoes defers debenture playments09 June 2023, Published under Cement NewsInterCement Participações SA (ICP) has reached an agreement with its debenture holders regarding the deferral of payments under the series of Brazilian law-governed debentures issued by the company and issued by InterCement Brazil SA (ICB), which allow the company to preserve its liquidity. The ICB holders have agreed to a short-term deferral of both, the principal and interest payments on the ICB debentures. In addition, ICP debenture holders have agreed to receive a partial paymen... |
InterCement Participações completed BRL1bn debenture amortisation05 October 2021, Published under Cement NewsIInterCement Participações SA (ICP) has concluded the partial amortisation of its debentures for BRL1bn (US$180m). The transaction follows a new debt issuance from its subsidiary, InterCement Brasil SA (ICB), of the same amount in local debentures. ICB and ICB agreed on an intracompany loan agreement as well for BRL1bn. The transactions do not change either company’s consolidated debt, although it materially reduced the indebtedness of ICP stand alone, while optimising ICB’s capital... |
Page
1
of
1
1