Grupo Gloria’s Yura Chile โExits Cementos Bรญo Bรญo in $100M+ Deal
Santiago, Chile – Yuraโ Chile SpA, a subsidiary of Peru’s Grupo gloria,โ has completed the sale of its stake in Chilean cement producer Cementos Bรญo Bรญo forโ overโข US $100 million, marking โฃaโข notable shift in the company’sโ regional strategy. The transaction, finalized recently, concludes Yura’s investmentโ initiated to bolster its presence in theโฃ Southern Cone andโ capitalize on Chile’s robust construction market.
The move โขrepresents a consolidation step for Yura, whose industrial base is located in Arequipa, Peru, โand previously leveraged โthe CBB partnershipโข to access a key โplayer in the Chilean cement, lime, and aggregate sectors, alongside an established commercial network. Yura initially acquired a minority shareholdingโค in Cementos Bรญo Bรญo through Yura Chile SpA, withโค the deal approved by both companies’ boards and overseenโข by Chilean stock market authorities.
The original investment was โฃframed as part of Grupo Gloria’s internationalization strategy, seeking โto expand itsโ footprint in the Southern Cone andโ benefit from opportunities withinโ Chile’s dynamic constructionโ industry. While โthe partnership โคaimed to identify operationalโข synergies and explore further growth opportunities in Chilean construction materials, Yura has now opted to monetize its investment.