Holcim and Lafarge seal binding deal with CRH
Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn. As announced in February 2015, the as...
Brazil
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Weaker Brazil markets depress Cimpor's profits
Cimpor has reported a first quarter turnover 7.4 per cent higher at EUR636.6m but the EBITDA declined by 7.2 per cent to EUR123.4m. The trading profit (EBIT) was 17.6 per cent l...
Fitch downgrades Cimento Tupi's Ratings
Fitch has downgraded its rating for Cimento Tupi to ‘C’ following the Brazilian cement company’s announcement that it will miss its US$9m interest payment on its US$185m of seni...
Votorantim Cimentos issues EUR500m in European bonds
Votorantim Cimentos SA announces the issuance of its Euro-denominated bond, representing the first issuance since November 2014 by a Brazilian company in the international capit...
Votorantim
Votorantim Cementos has announced a US$1600m investment programme that involves five new cement plants in Brazil, two in Turkey and one in Bolivia as well a the expansion and mo...
Votorantim Cimentos preps euro trade
Brazil's leading cement producer, Votorantim Cimentos, announced a new seven-year benchmark euro trade to be priced as early as this week. The deal is expected to be leverage-ne...
Semapa acquires 50% stake in Supremo Cimentos
Semapa and Secil, through its Brazilian subsidiary, entered into an agreement for the acquisition of a 50 per cent stake of the Brazilian company Supremo Cimentos. With this acq...
Brazil: CSN considering merger with cement unit
Brazilian steelmaker CSN is considering a merger with its subsidiary CSN Cimentos, Business News Americas reported. CSN, in a regulatory filing, said it would present the propos...
Fitch reaffirms Votorantim Cimentos ratings
Fitch Ratings reaffirmed Votorantim Cimentos’ BBB rating and changed the company’s outlook from negative to stable. “Fitch’s decision took into consideration the financial disci...
Votorantim Cimentos to construct two units in Ceará, Brazil
Votorantim Cimentos is to build two new units in the northeastern Brazilian state of Ceará. The projects, which were presented by company directors on 24 March at a meeting with...