Unacem buys Cementos La Unión in Chile for $23m

Peru-based Unión Andina de Cementos (Unacem) has signed a $23 million contract with Cementos La Unión, Aridos Jativa & Chile’s Inversiones Mel 20 Ltda for the purchase of the full stake of shares of Cementos La Unión in Chile and 100% of the social rights of Inversiones Mel 20. The contract is subject awaits approval by the Chilean National Economic Prosecutor’s Office. Subject to approval, Unacem will own the 0.3Mta San Antonio plant.

Source: Cemnet