Elementia pays remaining $45m for Cementos Fortaleza

Elementia pays remaining $45m for Cementos Fortaleza

Mexican construction group Elementia has paid the final $45 million installment for the acquisition of a 47 per cent stake in Mexican cement producer Cementos Fortaleza from Switzerland´s LafargeHolcim. Cementos Fortaleza was formed as a joint venture in 2013 by Elementia and Lafarge, prior to its merger with Holcim. In 2014, Lafarge agreed to sell its interest in the venture for a total of $225 million.

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