Camargo Correa SA, a Brazilian cement producer and the biggest investor in Cimpor-Cimentos de Portugal SGPS SA, offered 2.48 billion euros ($3.31 billion) to buy the 67 percent of the Portuguese company it doesn’t already own.
Camargo Correa SA said its 2.48 billion-euro ($3.24 billion) offer to buy Cimpor-Cimentos de Portugal SGPS SA is fair and it doesn’t regard a counter bid by Brazilian competitor Votorantim Cimentos SA as likely.
Holcim Ltd. and Cimpor Cimentos de Portugal SGPS SA are among six cement makers being fined a combined 3.1 billion reais ($1.4 billion) for alleged collusion to set prices and divvy up clients in a Brazilian antitrust ruling.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Camargo Correa SA, a Brazilian holding company, is seeking to sell Jardim Sul mall in Sao Paulo as it plans to raise cash to invest in energy and infrastructure projects, Valor Economico reported, without saying where it obtained the information.