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 - A Roadmap to Sustainability
In this episode of the World Cement Podcast, we are joined by Antonio Carrillo, Vice President for Sustainability at Holcim. Tune in to hear a discussion covering everything from CCUS to the circular economy.
Tune in to the World Cement Podcast on your favourite podcast app today.
