Brazil's Voto bangs head against concrete in buy back bid

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Brazil's Voto bangs head against concrete in buy back bid

Oliver West
March 13, 2016 03:30 pm
Brazil, cement, Votorantim Cimentos
Brazil wall. Grungy old brick wall with Brazilian flag on broken render surface | Eyematrix - Fotolia

Votorantim Cimentos, the cement making arm of Brazilian conglomerate Votorantim SA, will buy back just €120m of its euro denominated bonds after most bondholders rejected the terms of a proposed tender offer. The company was hoping to buy back €350m.

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Oliver West
US Bureau Chief - Latin America Editor
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