Colombian Regulator Approves Argos-Andino Deal

Colombian industry and trade regulator (SIC) has approved the acquisition of Cementos Andino and Concrecem by Cementos Argos, part of local conglomerate GEA, which bought the assets of its rival last November for $192 million. The acquisition gives Argos control of 60% of the domestic production capacity of cement and concrete – around 9 million tonnes of cement and 1.5 million cubic meters of concrete a year.