InterCement Participacoes, together with its unit InterCement Brasil SA, its subsidiaries in the Netherlands and Spain, and its controlling shareholder Mover Participacoes file for a projective injunction in Brazil.
- Injunction in support of court-supervised interim collective mediation process with principal financial creditors
- Loma Negra is not part of the preliminary injunction
- Preliminary injunction doesn’t affect InterCement or the affiliates’ obligations to their suppliers, employees, service providers, and business partners
- InterCement’s May 1 exclusivity arrangement with Companhia Siderurgica Nacional (CSN) with regard to its potential acquisition of all of InterCement’s outstanding capital stock expired and has not been renewed
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