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2mo ago

Mindlin-Led Group Takes Control of Loma Negra’s Owner After Court-Approved Restructuring

A US$110 million cash infusion will fund maintenance, investments, efficiency upgrades.

Marcelo Mindlin: “Tras muchos años de estrés financiero que incluyó un complejo proceso legal de reestructuración judicial, hoy la compañía cuenta con una estructura de capital sólida que le permitirá enfocarse en el crecimiento"
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Con más de 50% del mercado y 21 fábricas, Loma Negra es estratégica para el mercado de la construcción. De ahí el interés del empresario energético Marcelo Mindlin.
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Overview

  • InterCement, which won court approval Monday in São Paulo for its reorganization, shifted control to a Latcem-led consortium, bringing Loma Negra back under Argentine-aligned influence.
  • The new ownership at the holding level is Latcem 38.7%, Redwood Capital Management 26.7%, Moneda–Patria Investments 24%, with former controller Mover Participações exiting.
  • The backers committed US$110 million to strengthen working capital and pay for maintenance, new projects, and operational efficiency.
  • The plan extends InterCement’s debt profile to 2031 with no major maturities for the next five years, easing near-term cash pressure.
  • Marcelo Mindlin becomes board president, with Sergio D. Faifman continuing as CEO to keep day-to-day operations steady.