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Announced

Completed

Votorantim Cimentos completed the acquisition of Cementos Balboa from KKR.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Spain

Cross Border

Majority

Private

Cement

Private Equity

Acquisition

Single Bidder

cement

Friendly

Completed

Synopsis

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Votorantim Cimentos, a cement company, completed the acquisition of Cementos Balboa, an operator of a cement plant, from KKR. Financial terms were not disclosed. "This transaction, which I am pleased to announce today, exemplify our growth and positioning strategy in Spain, strengthening our current footprint in the country," Marcelo Castelli, Votorantim Cimentos Global CEO.

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