Bonds
Argentine Investor Group Buys Debt Stake in InterCement: Clarin
A worker carries a bag of Loma Negra Cia Industrial Argentina SA cement. Loma Negra is InterCement’s Argentina unit.
Photographer: Sarah Pabst/BloombergArgentine group Emes has bought a stake of InterCement’s debt, local newspaper Clarin reported, citing sources familiar with the matter.
The purchase cost nearly $400 million, and InterCement will officially announce the deal at an October 6 shareholder’s meeting, Clarin reported.