Carmeuse Cementing Control: Belgian Firm โฃAcquires Chilean Cement Maker Bรญo โBรญo for $505 Million
Santiago, Chile – Belgian โฃlime and limestone giant Carmeuse has โคsuccessfullyโ completed its acquisition of Chilean cement company Bรญo โBรญoโ Cemento (CBB) in a deal valued atโ approximately $505โ million. The move, finalized after a public acquisition offer (OPA) garnered over 90% acceptance fromโ shareholders, marks a significantโข strategic expansion for Carmeuse and a โnotable shift in the South American cement landscape.
The pursuitโ of CBB began in March of โthis year, withโข Carmeuse initially expressing interest to the controlling shareholders – โฃthe Briones, rozas, and Stein families, who held a 64.57% stake. By May, the Belgian firm escalated โits intentions, launching a formal OPA with a price ofโค $1.91127 per share.
the successful completion of the OPA, wich closed on [date – inferred from “a few hours after the end of the term of the offer” and “August 13, 2025” launch date – likely late August/early September 2025], saw Carmeuse secure 90.21% of the offered shares – exceeding the required 66.67% threshold. This includedโ the stake โฃheld by Peruvian company Yura,โฃ which previously โowned approximately 20% of CBB.
This acquisition represents a ample increase in valuation compared to a previous โOPA attempt in Novemberโฃ 2024, when Gloria Group valued the company at $250 million.
Strategic Implications for Carmeuse & Grupo Gloria
For Carmeuse, โคthe acquisition of CBB is a key step in bolstering its portfolio of essential materialsโ forโ the burgeoning energy transition. Lime, a product derived from limestone, is crucial in the processing of vital minerals like โคlithium, nickel