Cimpor and Pragosa Seek Joint Control of Ibera Concrete
Cement giant Cimpor and construction materials firm Pragosa have officially notified Portugal’s Competition Authority (AdC) of a deal to share joint control over Ibera, a prominent ready-mix concrete producer in the Alentejo region.
Shifting from Exclusive to Joint Control
The proposed transaction marks a strategic shift for Ibera. Only a year ago, in November 2025, the AdC granted Cimpor regulatory approval to acquire 100% of the company. Under the new filing, Cimpor will relinquish exclusive ownership, allowing Pragosa Betão to enter the fold as a joint partner.
The Key Players
Cimpor Portugal, an operational holding company for the Cimpor Group, remains a dominant force in the Portuguese and Cape Verdean markets. While its core business focuses on cement production, it currently oversees Ibera’s operations across the Alentejo region, including active production sites in Évora, Borba, Sines, Beja, and Reguengos de Monsaraz.
Pragosa, a diversified industrial group, already maintains a significant footprint in Portugal with nine concrete plants and five quarries. Joining forces with Cimpor will further solidify its position in the ready-mix concrete sector.
Regulatory Review Underway
The Competition Authority is now reviewing the concentration operation to ensure it does not negatively impact market competition. Interested parties and stakeholders have been given a window of 10 business days to submit any observations or concerns regarding the deal to the regulator.
Image: Pexels – Erkan Avanoğlu
