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News US court rules in favour of Compañía de Inversiones Mercantiles in Grupo Cementos de Chihuahua Sociedad Boliviana de Cemento sale case

US court rules in favour of Compañía de Inversiones Mercantiles in Grupo Cementos de Chihuahua Sociedad Boliviana de Cemento sale case

Written by Global Cement staff 07 October 2020
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US: A US federal court has upheld the ruling of a Colorado district court that Mexico-based Grupo Cementos de Chihuahua (GCC) must pay around US$36m compensation to Compañía de Inversiones Mercantiles (CIMSA) for failing to grant it a right of preference prior to GCC’s sale of its 47% stake in Sociedad Boliviana de Cemento (SOBOCE).

Peru-based Consorcio Cementero del Sur obtained 100% ownership of Bolivia-based SOBOCE following its acquisition of GCC’s stake in 2011.

Last modified on 08 October 2020
Published in Global Cement News
Tagged under
  • US
  • Legal
  • Colorado
  • Sabancı Holding
  • Shares
  • Mexico
  • Bolivia
  • SOBOCE
  • Consorcio Cementero del Sur
  • Peru
  • GCW476
  • Compania de Inversiones Mercantiles

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