Cimpor defence document rejects Camargo Correa bid
The Cimpor defence document claims that the Camargo Correa bid significantly undervalues the company.
Cimpor
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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...
Camargo Correa on Rating Watch Negative
Fitch Ratings has placed all of the ratings of Camargo Correa and its subsidiaries on Rating Watch Negative following the Brazilian conglomerate's announcement that it intends t...
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...
Cimpor full-year 2011 boosted by emerging markets
In its full-year 2011 results, Cimpor reported that Brazil continues to be its main contributor to growth, however, recoveries in Mozambique, Turkey and China helped offset sign...
Cimpor financing needs covered to end-2013
Cimpor, Portugal’s leading cement producer, has said it has covered all its financing needs until the end of 2013, Chief Financial Officer Antonio Valera said at a conference to...
Shriram EPC to enter cement business through acquisition
Shriram EPC, part of the financial services major Shriram Group, is expected to enter the Indian cement sector by picking up a majority stake in Sree Jayajothi Cement, according...