Reuters: Mergers News: UPDATE 1-Brazil's Camargo prepares to launch Cimpor bid-sources

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Brazil's Camargo prepares to launch Cimpor bid-sources Mar 30th 2012, 16:38 Fri Mar 30, 2012 12:38pm EDT LISBON, March 30 (Reuters) - Brazil's Camargo Correa is preparing to launch a bid for the rest of Portuguese cement maker Cimpor, two sources close to the situation said on Friday. They said Camargo was finalising the details of the bid, which could come as soon as Friday. Camargo already owns 32.9 percent of Cimpor. A spokesman at Cimpor said the company would not comment. There were rumours at the end of last year that Camargo and Brazil's Votorantim were preparing to buy all of Cimpor. Votorantim holds 21 percent of the Portuguese company. The two Brazilian companies bought their stakes in Cimpor in 2010, attracted by Cimpor's international interests, including in Brazil. Shares in Cimpor closed on Friday 1.44 percent higher at 5 euros per share.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions