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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.
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.