Vicat completes purchase of majority stake in Ciplan

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Brazil: France’s Vicat Group has completed its purchase of a 65% stake in Cimento Planalto (Ciplan). The transaction was structured through a reserved capital increase of Euro295m. Proceeds will be used to settle Ciplan's existing debt. Ciplan operates a 3.2Mt/yr integrated plant at Sobradinho in Bahia near to Brasilia. It also runs nine ready-mixed concrete plants and five aggregates quarries.

Last modified on 23 January 2019

URL: https://globalcement.com/news/item/8657-vicat-completes-purchase-of-majority-stake-in-ciplan

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