CemArgos Expands in CentAm

CemArgos Expands in CentAm

Colombia Honduras M&A

Cementos Argos (CemArgos) has agreed to buy the Honduras assets of France’s Lafarge for EUR232m ($306m), it says. The Colombian gets Lafarge’s 53.3% stake in its Honduran business. With an Ebitda of $65m in 2012, CemArgos says the transaction implies a 8.6x multiple, and notes the growth potential in the Honduran market. The buy is the latest in the western hemisphere for the unit of Grupo Argos, and follows the purchase of Lafarge’s US assets in 2011. CemArgos is to fund the purchase with proce

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