Camargo Correa News
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Dirce Navarro de Camargo, who became Brazil’s richest woman after inheriting the Camargo Correa SA industrial conglomerate, has died. She was 100.
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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.
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Camargo Correa SA, Brazil’s No. 2 construction company, offered 2.48 billion euros ($3.32 billion) to buy full control of affiliate Cimpor-Cimentos de Portugal SGPS SA to combine cement operations.
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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.
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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.
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Camargo Correa SA said Votorantim Cimentos SA will probably accept some of Cimpor-Cimentos de Portugal SGPS SA’s assets in exchange for its shares in the Portuguese company after rejecting a cash bid.
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Dirce Navarro de Camargo’s discreet ownership of one of Brazil’s oldest industrial empires makes her the richest woman in the country.
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A planned tax cut for Brazilian biofuel won’t be enough to restore investment in new sugar-cane mills, jeopardizing a 7 billion-real ($3.56 billion) ethanol- pipeline project, according to Copersucar SA.
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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.
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Camargo Correa SA’s 2.48 billion-euro ($3.3 billion) bid to buy out Cimpor-Cimentos de Portugal SGPS SA seems appropriate and a rival offer for the cement company is unlikely, a consultant for the Portuguese government said.
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