Skip to main content

Newsbyte: CSN’s bid for Cimpor unsucessful

World Cement,


Less than 9% of shareholders have taken up CSN’s offer to purchase a 33% stake plus one share in Cimpor, the Portuguese cement manufacturer at the centre of takeover talks for the last few months.

This failure will not necessarily put CSN off altogether; they may come back with an alternative offer or attempt to purchase a stake through other means. Interest in Cimpor is so high because of the company’s interests in emerging markets, particularly Brazil, where demand is expected to rise in the lead-up to the 2014 FIFA World Cup and the 2016 summer Olympics.

Read the article online at: https://www.worldcement.com/the-americas/01032010/csn%E2%80%99s_bid_for_cimpor_unsuccessful/

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.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):