Argos Cements Good Deal

Argos Cements Good Deal

Colombia M&A

Cementos Argos’ announcement that it would acquire cement and concrete assets of Lafarge for $760m in the US was well received by equity analysts Thursday. The implied EV/Ebitda multiple of 5.1x-6.3x is in-line with previous deals in the sector, analysts say. Analysts describe the deal as an effort by Argos to vertically integrate its assets in the Southeastern US. “It complements their existing activities in the US,” says Mauricio Hernandez, an equity analyst with Corredores Asoc

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial