Bolivia
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Govt. Lowers Fancesa Minimum to US$20mn

Bnamericas
Bolivia's government has lowered the minimum price to US$20mn from US$26mn for tomorrow's auction of a 33.34% stake in federally-owned cement plant Fancesa (Fabrica Nacional de Cemento S.A.), according to deputy private investment minister Lopez. Authorities were forced to suspend the sale on September 6 when local cement producer Soboce presented the only offer of US$26mn. Lopez added that he expects other bidding rules purchasers to participate in the tomorrow's auction. The eight bidding rules purchasers are:Cemento Melon, Cemento Central, Cemex(NYSE: CX), Compania Cemento Portland, Lafarge S.A, Juan Minetti, Yura S.A. and Soboce. Fancesa is located in southeastern Bolivia's Chuquisaca department.

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