Brazilian market adjustments
The recently-approved takeover of Cimpor by Brazilian conglomerate Camargo Correa will not only lead to the reorganisation of the Portuguese cement major's operations, but is al...
Cimpor
107 posts · Page 9 of 11
Cimpor shareholders approve dividend proposal, Portugal
Cimpor shareholders today approved a proposal for the company to pay a dividend of EUR16.6/share, said an official at Cimpor who asked not to be named in line with company polic...
Cimpor: June '12
Cimpor has now become a subsidiary of the Brazilian holding company Camargo Corrêa, which currently controls 94.8 per cent of the equity. Camargo Corrêa currently controls Cimpo...
Brazil competition authority approves Camargo purchase of Cimpor
Brazil’s competition authority CADE has approved Camargo Correa’s purchase of a controlling stake in Portuguese cement producer Cimpor, subject to several conditions.
Fitch cuts Camargo Correa credit rating on Cimpor buy
Fitch Ratings has cut Camargo Correa’s credit rating by two notches on concern the increase of its stake in cement company Cimpor has raised the indebtedness of the company too ...
Cimpor asset swap to lift Votorantim capacity by 15Mta
Votorantim Cimentos and InterCement (part of the Camargo Corrêa Group) have signed an agreement to undertake a corporate reorganisation of Cimpor. The procedure will give Votora...
S&P lowers Cimpor to 'BB'
On June 26, 2012, Standard & Poor's Ratings Services lowered its long-term corporate credit rating on Cimpor to 'BB' from 'BBB-' and its short-term rating to 'B' from 'A-3'. The...
Ricardo Lima to become new Cimpor CEO, Portugal
Ricardo Lima, currently vice president of operations of InterCement, is to be the new CEO of Cimpor following, parent company, Camargo Corrêa’s takeover of the Portuguese cement...
Camargo completes Cimpor takeover, Portugal
Brazilian conglomerate Camargo Correa has completed its takeover of Cimpor, now controlling 94.8 per cent of the Portuguese producer, Cimpor said in a statement on the CMVM mark...
Cimpor
Camargo Corrêa, through its Austrian subsidiary Intercement Austria Holding GmbH, Vienna, is offering €5.60 per share for Cimpor and will inject its existing cement interests, p...