Esporte Intercement Brasil to hold IPO as controller sells stake in business

Esporte Intercement Brasil to hold IPO as controller sells stake in business

Esporte

RIO DE JANEIRO, BRAZIL – Intercement Brasil has applied to register for an initial public offering (IPO), an operation that will enable its controlling shareholder, Mover Holding, to sell a stake in the business.

The company is a branch of the InterCement Group, which also operates in countries such as Argentina, Egypt, Mozambique and South Africa, with a production capacity of 37 million tons of cement per year.

Intercement is Brazil’s second largest cement producer, with an installed capacity of 17.2 million tons, distributed among its 15 units.

In 2020, it sold around 8.7 million tons, including the . . .

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