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.
Votorantim Cimentos considering buying majority stake in McInnis Cement
Written by Global Cement staff
Published in
Global Cement News
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
URL: https://globalcement.com/news/item/11295-votorantim-cimentos-considering-buying-majority-stake-in-mcinnis-cement
© 2024 Pro Global Media Ltd. All rights reserved.