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News Cementos Bío Bío to change ownership

Cementos Bío Bío to change ownership

Written by Global Cement staff 21 November 2024
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Chile: Cementos Bío Bío (Cbb) will likely have new owners soon, as the US group Mississippi Lime Company has offered to acquire 100% of the company for nearly US$400m and shareholders are now negotiating its sale. The producer’s board authorised a due diligence process in May 2024, which has now been substantially concluded. A shareholder of Cbb, Peru's Yura, launched an offer in November 2024 for 20% of the Chilean cement company, thus reaching 40% of the shares. Yura bought 20% of Cbb for US$50m in 2019.

Last modified on 27 November 2024
Published in Global Cement News
Tagged under
  • Cementos Bio Bio
  • Cbb
  • Chile
  • Mississippi Lime
  • Acquisition
  • Sale
  • shareholders
  • Shares
  • GCW687
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