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News Votorantim Cimentos considering buying majority stake in McInnis Cement

Votorantim Cimentos considering buying majority stake in McInnis Cement

Written by Global Cement staff 02 September 2020
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Canada: Brazil-based Votorantim Cimentos is in talks with Caisse de dépôt et placement du Québec (CDPQ) over possible acquisition of the investment company majority stake in McInnis Cement. Quebec Premier François Legault said, “Quebecers have already invested a lot in the cement plant. For nationalism reasons, I would like a Quebec company to be ready to invest,” according to the Journal de Montreal newspaper. Béton Provincial has registered for a government grant of US$115m in order to acquire the stake, which has been for sale since January 2020. Investissement Québec and the Beaudier Group are both minority shareholders.

Published in Global Cement News
Tagged under
  • Canada
  • Votorantim Cimentos
  • McInnis Cement
  • Acquisition
  • GCW471
  • Government
  • Caisse de dépôt et placement du Québec
  • Béton Provincial
  • Investissement Québec
  • Beaudier
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