In an announcement, the AdC stated that it “adopted a decision of non-opposition regarding the merger” between Cimpor Portugal Cabo Verde Operations and Ibera – Indústria de Betão, concluding that it “is not likely to create significant impediments to effective competition in the national market or a substantial part of it.”
Until now, Cimpor held a stake in Ibera and will now own all shares of the company. The transaction’s value has not been disclosed publicly.
Cimpor Portugal serves as an operational holding of the Cimpor group, coordinating major stakes in Portugal and Cabo Verde.
Its primary business activities include the production and commercialization of cement and derivatives, ready-mixed concrete, mortar, tile adhesive, granite, limestone, dolomite, gypsum aggregates, and paper bags for the cement and mortar industry.
The Cimpor group is wholly owned by the parent company Taiwan Cement Corporation (TCC).
Ibera is engaged in the production and sale of ready-mixed concrete, operating in the Alentejo region, particularly in Évora, Borba, Sines, Beja, and Reguengos de Monsaraz, where it maintains active production centers.
