Peru’s Brescia Group buys Lafarge Chilean cement

Isabel Guerra

French building materials group Lafarge has announced the sale of its Chilean cement, aggregates and concrete assets to the Peruvian Brescia Group for US$555 millions enterprise value.

The assets sold include the La Calera cement plant, which is located around 100km from the capital Santiago and has capacity of 1.5 million tonnes, along with the Puerto Montt grinding station in southern Chile, which has a total capacity of 300,000 tonnes.

Lafarge Chile SA and Immobiliaria San Patricio are listed on the Santiago stock exchange.

Brescia Group is one of largest business conglomerates from Peru, and they own worldwide companies like TASA the first fishmeal producer with 6% of world demand, as well as a local mining company (Minsur) and Libertador Hotels chain.

Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum.

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