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Economy & Business - August 2011 (ISSN 1741-7430)

BOLIVIA: Ins and outs in the cement market

A Mexican cement company, Cementos Chihuahua, has sold out of the Bolivian cement market to Consorcio Cementero del Sur de Perú, a subsidiary of a Peruvian conglomerate, Gloria, based in Arequipa. What makes the deal odd is that the other shareholders in the Sociedad Boliviana de Cemento (Soboce), in which Cementos Chihuahua had its minority stake, do not recognise Gloria as a fellow shareholder.

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