Peru: Cementos Lima, the largest cement producer in Peru, has announced that it is considering a merger with Cemento Andino, which produces cement in the central mountain region of the country.
Cementos Lima said in a note sent to the Peruvian securities regulatory agency that it has hired Citigroup Global Markets Inc. to carry out an independent valuation of both companies. It said the valuation could be used should the board of directors decide to propose a merger between the two companies.