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News Cementos Portland Valderrivas acquires KKR's Andalusian business

Cementos Portland Valderrivas acquires KKR's Andalusian business

Written by Global Cement staff 20 December 2022
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Spain: FCC subsidiary Cementos Portland Valderrivas has completed its acquisition of global investment company KKR's Andalusian business, including its subsidiary Surgyps. Surgyps operates an 800,000t/yr grinding plant in Jerez de la Frontera, Cádiz. The business filed for bankruptcy in 2010, but continued to operate the plant under a government concession, lasting until 2031.

The El Economista newspaper has reported that Cementos Portland Valderrivas said "With this operation, the group complements its position in Andalusia by taking a decisive step in our commitment to reduce the carbon footprint of cement."

The group controls six integrated cement plants across Spain, with a total capacity of 9.9Mt/yr.

Last modified on 21 December 2022
Published in Global Cement News
Tagged under
  • Spain
  • FCC
  • Cementos Portland Valderrivas
  • KKR
  • Surgyps
  • grinding plant
  • Government
  • Debts
  • bankruptcy
  • GCW588
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