Grupo Gloria’s Yura Chile Exits Cementos Bío Bío in $100M+ Deal
Santiago, Chile – Yura Chile SpA, a subsidiary of Peru’s Grupo gloria, has completed the sale of its stake in Chilean cement producer Cementos Bío Bío for over US $100 million, marking a notable shift in the company’s regional strategy. The transaction, finalized recently, concludes Yura’s investment initiated to bolster its presence in the Southern Cone and capitalize on Chile’s robust construction market.
The move represents a consolidation step for Yura, whose industrial base is located in Arequipa, Peru, and previously leveraged the CBB partnership to access a key player in the Chilean cement, lime, and aggregate sectors, alongside an established commercial network. Yura initially acquired a minority shareholding in Cementos Bío Bío through Yura Chile SpA, with the deal approved by both companies’ boards and overseen by Chilean stock market authorities.
The original investment was framed as part of Grupo Gloria’s internationalization strategy, seeking to expand its footprint in the Southern Cone and benefit from opportunities within Chile’s dynamic construction industry. While the partnership aimed to identify operational synergies and explore further growth opportunities in Chilean construction materials, Yura has now opted to monetize its investment.