Hurtado Vicuña Group approved to buy Cemento Polpaico

Print this page

Chile: Hurtado Vicuña Group has been cleared by the Chilean competition authority (TDLC) to buy a controlling stake in Cemento Polpaico from LafargeHolcim. However, it will be required to sell assets from its concrete business worth up to an estimated US$90m, according to the Diario Financiero newspaper. The agreement also includes other measures such as a ban on repurchasing assets within 10 years. Hurtado Vicuña and its subsidiary Inversiones Caburga operate Cementos Bicentenario (BSA). It agreed to buy Cemento Polpaico in October 2016.

Last modified on 05 July 2017

Register for the 2nd Global CemProcess Conference & Exhibition

Global CemProcess Conference & exhibition 201823 - 24 May 2018, London, UK

Process optimisation in cement manufacture

Global CemProcess is the conference and exhibition for the cement industry that looks at process optimisation, de-bottlenecking, production maximisation and troubleshooting.

Register >

URL: http://globalcement.com/news/item/6285-hurtado-vicuna-group-approved-to-buy-cemento-polpaico

© 2018 Pro Global Media Ltd. All rights reserved.