Cement News tagged under: Cementos Bicentenario
Hurtado Vicuña looking for merger support05 March 2018, Published under Cement NewsChilean holding Grupo Hurtado Vicuña will seek support from small shareholders for a merger of its Cementos Bicentenario (BSA) with Cementos Polpaico. The merger is expected to create Chile’s largest cement company, overtaking Cemento Melon and Cementos Bío Bío. The group’s share in Cementos Polpaico currently stands at 57.1 per cent. Volcan and Megeve could complicate the merger, according to Esmerk. To enable the merger to go ahead Hurtado Vicuña has also had to agree to sell some B... |
Hurtado Vicuña on the verge of completing required divestment10 January 2018, Published under Cement NewsGrupo Hurtado Vicuña is expected to be soon completing the divestment of a part of Cementos Bicentenario (BSA) assets, one of the main conditions imposed by Chile’s Fiscalia Nacional Economica (FNE) and its anti-competition authority, TDLC, in terms of the company’s acquisition of Cementos Polpaico shares. Certain sources suggest that offers have been received for the BSA assets and that due diligence has started with a deal likely to be completed before the end of this month, reports El ... |
Chile's changing market02 December 2016, Published under Cement NewsThis week Cementos Bio Bio announced its 9M16 profits had been hard hit by foreign exchange rates and a similar story was given by Cemento Polpaico, even though it quadrupled its new profits YoY. But beyond these recent results, the industry is embarking on a period of significant transition. Chile's cement market recorded its lowest sales growth in 1H16, reaching US$514bn as Cementos Melon, Polpaico and Bio Bio clawed in sales that were up just 3.7 per cent on the same period in 2015. ... |
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