Votorantim Cimentos SA and Holcim Ltd. are vying for a 40 percent stake in Brazilian cement-maker BRC Cimentos for 1.8 billion reais ($1.1 billion), O Estado de S. Paulo reported, without saying where it got the information.
Peter Gysel, a spokesman for Holcim in Zurich said the company won’t comment on market rumors in an e-mail response to Bloomberg News.
An outside firm representing Votorantim Cimentos in Sao Paulo, where it’s a holiday today, couldn’t immediately reach officials at the company for comment. BRC Cimentos couldn’t be reached for comment.
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