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.
Hurtado Vicuña Group approved to buy Cemento Polpaico
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22 - 23 January 2019, London, UK
Including waste heat recovery, captive power, grinding optimisation and electrical energy efficiency
Global CemPower Conference is to take place for the fourth time in 2019, and will look at a topic that accounts for one third of the cement industry's total costs: electrical power.
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