GAMMA Cementos S.A. has acquired a 57.1% stake in Cementos Polpaico S.A.
GAMMA Cementos S.A. has acquired a 57.1% stake in Cementos Polpaico S.A. from LafargeHolcim for US$125 million.
GAMMA Cementos, is owned by the Hurtado Vicuña Group who also owns Cementos BSA, another important player in the cement industry in Chile.
Founded in 1944, Cementos Polpaico produces and commercializes cement. The company has its own raw material deposit, the main one being a limestone deposit in Cerro Blanco, Chile.
LafargeHolcim is the leading global building materials and solutions company serving masons, builders, architects and engineers all over the world. The company produces cement, aggregates and ready-mix concrete which are used in building projects ranging from affordable housing and small, local projects to the biggest, most technically and architecturally challenging infrastructure projects.
Oaklins' team in Chile advised the buyer in this transaction and structured a Public Tender Offer for Cementos Polpaico's shares.
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