Vicat: finalises takeover of Ciplan
(CercleFinance.com) - On Monday evening Vicat group, a specialist in the production of cement, concrete and aggregates, announced the finalisation of its takeover of the Brazilian company Ciplan.
Vicat now has a majority stake of 64.74% in this company's capital. This transaction has been completed via a reserved capital increase of 295 million euros. This sum will repay the majority of Ciplan's current debt.
"With this acquisition, Vicat pursues its targeted external growth and geographical diversification strategy, through the incursion into a new emerging market benefitting from strong growth perspectives. In order to fully capture the Brazilian market's growth potential," Vicat said.
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