Brazilian Producers Bid on LafargeHolcim Assets

Brazilian cement producers CSN Cimentos, Cimentos Mizu and Cimento Apodi, are among bidders for LafargeHolcim Brasil assets, reported Reuters.

The three smaller companies are aiming to acquire a large part of Holcim’s operations in Brazil, which include 10 production plants, Reuters’ anonymous sources said.

Brazil’s largest cement makers, Votorantim Cimentos and Intercement Brasil, also made offers, but had to bid for parts of the businesses due to antitrust restrictions, the sources added.

Votorantim has bid for the producing units in the northeastern region, and Intercement for those in the southeastern states of Rio de Janeiro, Espirito Santo and Minas Gerais. 

Any acquisition is subject to approval by Brazilian antitrust watchdog CADE.

Holcim expects to generate $1 billion to $1.5 billion from the sale.

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