Argentine Group Emes Acquires Debt Interest in InterCement

An employee is seen transporting a Loma Negra Cia Industrial Argentina SA cement bag. Notably, Loma Negra operates as the Argentine division of InterCement.

The Argentine investment entity, Emes, has acquired a portion of the debt connected to InterCement, according to a report by the local publication Clarin, which cites individuals with insider knowledge.

Financial Details and Announcement Plans

The transaction was valued at approximately $400 million, and it is anticipated that InterCement will formally communicate the completion of this acquisition during its shareholders meeting scheduled for October 6, as indicated by Clarin.