Brazil’s Camargo selling cement unit

Camargo Correa SA, the Brazilian family-owned conglomerate that exited several businesses over the past year, has put a cement unit up for sale, a column in newspaper O Globo said on Sunday.

According to Globo columnist Lauro Jardim, Camargo Correa values the unit known as InterCement SA at around 20 billion reais ($6.47 billion).

The conglomerate has received offers from Mexico’s Cemex SAB and another, unnamed Latin America-based cement producer, the column said.

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