Cementos Progreso Expands Internationally with Major Acquisition

Cuatrecasas, a renowned law firm, has played an instrumental role in advising Cementos Progreso Holdings and its consortium of investors on the tax and corporate structuring of significant investments in Cemex Dominicana and Transportes San Pedro, facilitated through Cemento Dominicana. The legal assistance extended by Cuatrecasas also included the preparation of the partners' agreement and securing financing from Banco Popular Dominicano, Banco General, Banco Industrial, and Citibank. Cementos Progreso, a leader in the cement industry across Central America and the Caribbean, is further solidifying its international presence with this $950 million transaction, marking it as the largest recorded in the region in recent years. This move underscores the company's strategic value and economic impact in the Dominican Republic. The Cuatrecasas team, comprising corporate, tax, and finance specialists, have collaborated with Cementos Progreso since 2018, contributing to the success of their internationalization process.