Cement News tagged under: Portugal
Camargo Correa bids for Cimpor02 April 2012, Published under Cement NewsCamargo 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 Correa is being used as the bid vehicle. Camargo Correa is currently the sixth-largest cement producer in Brazil, and market leader in Argentina, while Cimpor is the number four in Brazil. Together, the two companies would form the second largest in Brazil, but would still be less than a third of the size of market lead... |
Cimpor full-year 2011 boosted by emerging markets01 March 2012, Published under Cement NewsIn 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 significant declines in Portugal and Egypt. Diversification and a presence in emerging markets helped Cimpor achieve EBITDA of EUR616m which is down 2.2 per cent YoY despite economic contractions in Iberia and difficulties arising from the political situation in Egypt, the group said. Turnover increased by 1.6 per cent... |