# Buzzi to acquire full control of NCPAR in Brazil

Buzzi SpA received notification of the exercise of a put option by Grupo Ricardo Brennand for its 50% stake in NCPAR (formerly BCPAR), the joint venture through which Buzzi operates in Brazil. Buzzi will acquire 100% control of NCPAR, which owns five integrated cement plants and two grinding centres with over 7.2 million tpy capacity. The transaction is subject to CADE approval and is expected to close by end of fiscal year.

- Type: Acquisition
- Announced: 2024-05-22
- Where: Brazil, Brazil
- Value: $340.0M (1.70B BRL)
- Status: announced
- Capacity: 7.2 million tpy
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Grupo Ricardo Brennand](https://endata.com/companies/34169.md) (target)
- [Buzzi SpA](https://endata.com/companies/77584.md) (acquirer)
- [NCPAR](https://endata.com/companies/77585.md) (target)
- [Brennand Cimentos](https://endata.com/companies/77790.md) (target)
- [Companhia Nacional de Cimento](https://endata.com/companies/77791.md) (target)

## Sources

- [worldcement.com](https://www.worldcement.com/the-americas/22052024/buzzi-gains-control-of-cimento-nacional-in-brazil/), 2024-05-22: "As a result of this exercise Buzzi will acquire 100% control of NCPAR."
- [estadao.com.br](https://www.estadao.com.br/economia/negocios/buzzi-aquisicao-cimento-nacional/), 2024-06-01: "a italiana Buzzi, que figura entre as 20 maiores do mundo, comprou os 50% de sua sócia brasileira, a Brennand Cimentos, na Companhia Nacional de Cimento (CNC), em uma transação de até R$ 1,7 bilhão."

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