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Cementos Progreso acquired 100% of Cemento Interoceánico, S.A. in Panama on November 15, 2019, with plans to build three concrete plants and expand the La Chorrera plant.
Grupo Progreso, owner of Cementos Progreso (Cempro), acquired 100% of Cemento Interoceánico de Panamá, including a cement grinding plant in La Chorrera, Panama. The deal was finalized on November 15, 2019; the amount was not disclosed.