Carmeuse

Belgian group Carmeuse has taken control of Chilean cement company Cementos Biobío following a successful tender offer. The previous board resigned and Carmeuse appointed new directors.

Belgium-based Carmeuse has signed a binding agreement to acquire 100% of shares of Chilean company cbb (formerly Cementos Bío Bío) through a tender offer valued at US$505 million. Shareholders representing 64.57% of shares have agreed to tender their holdings.