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Colombia's Argos seeks US merger

Friday, June 14, 2019

Grupo Argos, a Colombian industrial conglomerate spanning energy and building materials, has approached U.S. aggregates and cement maker Summit Materials about a merger, people familiar with the matter said.

The deal would bolster Grupo Argos’ U.S. footprint and illustrate how building materials companies in emerging markets are seeking to become consolidators of their sectors in more mature economies, Reuters reports.