Votorantim Cimentos closes Morocco divestment
Published by Alfie Lloyd-Perks,
Editorial Assistant
World Cement,
Votorantim Cimentos closed today the full sale of its partnership in Morocco with all assets located in the country to Heidelberg Materials.
The transaction was closed after fulfilling customary precedent conditions, including approval and clearance by regulatory authorities in Morocco. The effective delivery of the assets and financial settlement has also been completed. The commercial terms of the transaction remain confidential.
This divestment is aligned with Votorantim Cimentos’ portfolio management strategy, which seeks to maximise value for its shareholders and balance the geographic positioning between mature and emerging markets, optimising the risk management of Votorantim Cimentos’ consolidated portfolio.
Click here for free registration to World Cement
Read the article online at: https://www.worldcement.com/africa-middle-east/01072025/votorantim-cimentos-closes-morocco-divestment/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
