Cimpor defence document rejects Camargo Correa bid
The Cimpor defence document claims that the Camargo Correa bid significantly undervalues the company.
Brazil
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No asset sales in proposed Cimpor buyout
Jose Barros Franco, chief executive of Intercement, a subsidiary of Brazil's second-largest construction group Camargo Correa does not expect to have to sell any assets if its b...
Fitch Ratings affirms Cimento Tupi ratings, Brazil
Fitch Ratings has affirmed the following ratings of Brazilian cement producer, Cimento Tupi SA's (Tupi): • Foreign currency Issuer Default Rating (IDR) at 'B' • Local currency I...
Cimpor acquisition good for competition
The buyout of Cimpor, Portugal, by Camargo Corrêa of Brazil would improve competition by reducing the market share of dominant player, Grupo Votorantim, according to Brazil’s an...
Camargo Corrêa in Cimpor bid
Camargo Corrêa and Brazilian competitor Votorantim Cimentos SA bought separate stakes in Cimpor in early 2010. Camargo currently claims to hold around a 33.25% stake in Cimpor a...
Camargo Correa bids for Cimpor
Camargo Correa has announced a €2480m bid for Cimpor at €5.50 per share, a 10% premium on the pre-offer share price. InterCement Austria, a wholly-owned subsidiary of Camargo Co...
New Brazilian cement line project signed
FLSmidth has been awarded a contract worth US$83m from the company Margem Companhia de Mineração (a subsidiary of Supremo Cimentos) for delivery of equipment and services for th...
Semapa announces Brazil investments
Semapa, a Portuguese holding company that controls cement maker Secil, will invest about EUR300m (US$394m) in Brazil’s cement industry, Diario Economico reported, citing the pro...
Brazil February sales up 9.8%
Brazilan cement sales in February 2012 rose 9.8 per cent to reach 5.2Mt, latest data from Sindicato Nacional da Indústria do Cimento, shows.
S&P: Votorantim Industrial rated 'BBB', outlook stable
Standard & Poor's (S&P) Ratings Services assigned a 'BBB' global-scale and 'brAAA' national-scale corporate credit ratings on Votorantim Industrial S.A. (VID). The outlook is st...