# Loma Negra sells 51% stake in Yguazú Cementos in Paraguay

Loma Negra sold its 51% stake in Paraguayan cement company Yguazú Cementos to a buyer linked to the local shareholder. The transaction was announced on August 21, 2020, and proceeds will be used to repay debt.

- Type: Acquisition
- Announced: 2020-08-21
- Where: Villa Hayes, Paraguay
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Loma Negra](https://endata.com/companies/28820.md) (partner)
- [Yguazú Cementos](https://endata.com/companies/49400.md) (target)

## Sources

- [cronista.com](https://www.cronista.com/apertura/empresas/loma-negra-vende-yguazu-cementos-su-empresa-en-paraguay-para-pagar-deuda-en-la-argentina/), 2020-08-23: "The result obtained by this operation is very beneficial for the Society and is in line with the maximization of value for its shareholders."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.