Overview
- Brazil’s bankruptcy court homologated InterCement’s restructuring with support from more than 99.9% of creditors, clearing a key legal hurdle.
- Latcem, led by Marcelo Mindlin with Redwood Capital Management and Moneda–Patria funds, is set to become InterCement’s principal shareholder and obtain indirect control of its 52% stake in Loma Negra, subject to closing conditions.
- The transfer is embedded in a debt restructuring rather than a single cash purchase, and no public acquisition price for Loma Negra has been disclosed.
- Closing still requires regulatory approvals in Brazil, fulfillment of plan procedures, and completion of related judicial steps in other jurisdictions.
- InterCement and Loma Negra are expected to operate normally during the transition, with the financing aimed at stabilizing the group as Argentina’s leading cement producer returns to Argentine-led ownership.