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Cemento Polpaico

Date March, 2020
Client Cemento Polpaico
Counterparty Gamma Cementos
Industry Building materials
Amount Not disclosed
Transaction
Landmark Alantra acted as independent evaluator and fairness opinion provider to Cemento Polpaico on the financial terms and conditions of the merger agreement with Gamma Cementos.
 
On 18 February 2020, Polpaico announced an agreement with Gamma Cementos, controlling shareholder of Cementos Bicentenario (BSA), for a merger transaction where Polpaico shareholders would retain a 70% share of the merged company.The transaction is subject to regulatory approvals and other conditions.
 
Landmark Alantra provided a fairness opinion to Polpaico’s board of directors in order to assess the financial terms and conditions adequacy of the merger agreement.
 
Polpaico is a leading Chilean cement, concrete and aggregates producer and distributor with revenues of US$ 220 million in 2019.