Skip to main content

UNACEM completes acquisition of Lafarge Cementos Ecuador

World Cement,


Peruvian cement manufacturer Union Andina de Cementos (UNACEM) has completed the acquisition of Lafarge Cementos Ecuador. The purchase, which was first announced in May 2014, was around US$517 million. UNACEM bought 98.57% of Lafarge Cementos Ecuador via Public Stock Offering.

“We are pleased with the transaction, which represents an important step in our growth strategy. With this long-term investment in our neighbouring country, Ecuador, we are committed to the Ecuadorian market, to serve it in the best way and to continue with the company’s contribution to the citizens’ quality of life,” said Carlos Ugás, UNACEM’s CEO-Director.

“The prestige of the UNACEM group in the cement industry makes this investment an attractive challenge for our company’s employees, who have received a clear message of continuity. In that regard, we are excited about the new era ahead,” added José Antonio Correa, CEO of Lafarge Cementos Ecuador.


Adapted from press release by

Read the article online at: https://www.worldcement.com/the-americas/11122014/unacem-completes-purchase-of-lafarge-ecuador-1001/

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):