Global Cement
Unmatached fuel flexibility with Pyrorotor - KHD
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Cut your energy costs with our high-performance lubricants and services - Kluber Lubrication
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News Camargo Corrêa plans US$1.2bn Intercement stake sale

Camargo Corrêa plans US$1.2bn Intercement stake sale

Written by Global Cement staff 10 June 2015
  • Print

Brazil: Reuters has reported that Brazilian industrial conglomerate Camargo Corrêa is looking to sell a stake in Intercement for up to US$1.2bn in order to make new overseas investments, according to a report in newspaper Folha de S Paulo.

Camargo Corrêa plans to sell 10 – 18% of Intercement for between US$648m and US$1.17bn. The industrial conglomerate is one of several in Brazil with executives accused of paying bribes for contracts with state-run oil company Petroleo Brasileiro, known as Petrobras, threatening its access to public works contracts and driving up borrowing costs. Two Camargo Corrêa executives have already pleaded guilty.

Folha reported that Camargo Corrêa 's US$2.66bn of debt had led it to seek a minority partner in order to take advantage of opportunities to grow in countries as diverse as Egypt, Mozambique and Paraguay.

Last modified on 10 June 2015
Published in Global Cement News
Tagged under
  • Brazil
  • Camargo Correa
  • Intercement
  • Sale
  • GCW204

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.

Register >

Related items

  • Update on Uruguay, January 2023
  • Marcelo Morales appointed as general manager of Itacamba Cementos
  • Marcos Electo Figueiredo Garcia appointed as General Manager of Logistics Efficiency at Votorantim Cimentos
  • Brazilian cement sales fall in 2022
  • Jaypee Power Ventures considering sale of Nigrie grinding plant
back to top
AI Modules - The Kima Process
Loesche - Innovative Engineering
Airscape - The new sealing standard for transfer points in conveying systems
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« January 2023 »
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2023 Pro Global Media Ltd. All rights reserved.