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Displaying items by tag: Cimento Nacional
Buzzi to gain full control of Cimento Nacional
21 May 2024Brazil: Italy-based Buzzi will acquire complete ownership of cement producer Cimento Nacional in a deal valued between €290m and €310m. The transaction involves the exercise of a put option on a 50% stake by Grupo Ricardo Brennand, making Buzzi the sole owner, according to local sources.
Cimento Nacional operates five cement plants and two grinding sites, with a production capacity exceeding 7.2Mt/yr. Buzzi will finance the acquisition using existing liquidity and expects to finalise the transfer at the end of 2024.
Published in
Global Cement News