The Brazilian cement maker announced that it has completed the transfer of all its assets in the Arab country to China’s Sinoma Cement Co., Ltd.
Browsing: Votorantim Cimentos
The cement maker announced on Friday (13) the sale of its subsidiary with operations in the Arab country to German company Heidelberg Materials.
Brazilian multinational firm sold its assets in the Arab country to China’s Sinoma Cement. The value of the deal was not disclosed. Votorantim reports that the divestment aims at optimizing the risk management of its portfolio.
