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

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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

URL: https://globalcement.com/news/item/11441-us-court-rules-in-favour-of-compania-de-inversiones-mercantiles-in-grupo-cementos-de-chihuahua-sociedad-boliviana-de-cemento-sale-case

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