# Loma Negra sells 51% stake in Yguazú Cementos to ConcretMix

Argentina-based Loma Negra has sold its 51% majority stake in Paraguay's Yguazú Cementos to local shareholder ConcretMix (Grupo Bogarín). The deal value was not disclosed; the company had been valued at US$80 million.

- Type: Acquisition
- Announced: 2020-08-27
- 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)
- [ConcretMix](https://endata.com/companies/49539.md) (acquirer)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/169434/loma-negra-sells-majority-stake-in-yguaz-cementos.html), 2020-08-27: "The objective of the company is to seek and execute projects with high potential, for that reason, after having started marketing operations in Paraguay in the 2000s, built and operated the factory since 2013, and currently reaching high standards of production and profitability, we have finally dec"

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