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Vicat Group completed the acquisition of a 64.74% majority stake in Brazilian cement producer Cimento Planalto (Ciplan) through a EUR295m reserved capital increase. Ciplan operates a cement plant near Brasília with 3.2Mta capacity.
France's Vicat Group has signed a binding agreement to buy a 65% share in Brazilian cement producer Cimento Planalto (Ciplan) for €290 million through a reserved capital increase. Ciplan operates a 3.2Mt/yr integrated plant in Sobradinho, Bahia.