Votorantim divests Jbel Oust cement plant in Tunisia

Votorantim JbelOust 1 1

Votorantim Cimentos announced that it has signed an agreement for the full sale of its 1.8 Mta Jbel Oust cement plant and corresponding assets located in Tunisia to Sinoma Cement. The completion of this transaction, including the effective transfer of operations in the country and the financial settlement, is subject to customary conditions precedent. The decision to divest Tunisia is in line with Votorantim Cimentos’ strategy, which seeks to maximize value for its shareholders and balance geographic positioning between mature and emerging markets, optimizing risk management of the company’s consolidated portfolio.