The government has declared void its tender for offers for Cementos del Plata, the cement business of state-owned Administración Nacional de Combustibles, Alcohol y Portland (ANCAP). Montevideo Portal News has reported that no bids for the business were forthcoming before the end of the tender period on 12 September 2023. Cementos del Plata has debts
A court has authorised an auction of East Africa Portland Cement Company (EAPCC)’s moveable property to proceed, in order to pay former staff. The Nation newspaper has reported that EAPCC owes the employees US$10m in unpaid wages. The court allowed the auction in favour of 60 claimants. It instructed a further 150 claimants to seek