Camargo Correa takeover of Cimpor to involve asset swap
A takeover bid by Camargo Correa for Cimpor will involve an asset swap to buy out Votorantim, Portugal's securities regulator CMVM said on Tuesday, Reuters reports. CMVM approve...
Cimpor
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Brazil may approve Camargo's Cimpor stake – report
Brazil's antitrust regulator Cade may approve Camargo Correa's stake in Portuguese cement maker Cimpor Cimpor but reject the stake of rival Votorantim Cimentos, according to rep...
Camargo Correa rejects Cimpor proposal as ‘unrealistic’
Brazilian conglomerate Camargo Correa has rejected Cimpor management's counter-proposal for a merger with Camargo's cement unit, saying it was "unrealistic,” Reuters reports. Ci...
Brazil contributes 44% of Cimpor’s EBITDA
Cimpor’s first quarter turnover declined by 4.9% to €521.2m and the EBITDA came off by 10.2% to €128m. A further 7.5% reduction in depreciation and provision charges to €49.7m b...
Camargo says Votorantim to likely exchange Cimpor stake - report
Camargo Correa SA said Votorantim Cimentos SA will probably accept some of Cimpor assets in exchange for its shares in the Portuguese company after rejecting a cash bid, Bloombe...
InterCement plans asset swap with Votorantim
InterCement, the cement unit of Brazilian industrial conglomerate Grupo Camargo Correa, on Sunday provided further details regarding its bid to acquire Cimpor. Camargo Correa sa...
Cimpor
Cimpor's defence document claims that the Camargo Correa bid significantly undervalues the company. It points out that the €5.50 per share offer compares unfavourably with the €...
FLSmidth wins orders for Cimpor projects in Brazil
FLSmidth has received contracts to provide two major cement projects for Cimpor in Brazil. The expansion plans include a brand new production unit in northwestern Brazil (the Ca...
Cimpor defence document rejects Camargo Correa bid
The Cimpor defence document claims that the Camargo Correa bid significantly undervalues the company.
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...