- March 9, 2014
-- Sao Paolo February 7th 2014 --
JMAR Capital Partners controls major natural resources assets in Brazil including the largest deposits of limestones and building plants of 8 millions tons cement capacity that brings R$ 3 billions in revenues. JMAR is currently continuing to acquire more strategic assets in Brazil. It announced today that it will price the initial offering of 55,200,000 at $51.00. (the assets include an EOR technology , an ethanol and fertilizer plant, BRC Cimentos, Iron Ore all valued at $ 10 billions). In 2011 the group planned to sell 40% of BRC Cimentos; The cement arms of Brazilian companies Votorantim (http://www.bnamericas.com/
and Camargo Correa (http://www.bnamericas.com/
Cimentos), local steelmaker CSN (http://www.bnamericas.com/company-profile/en/Companhia_Si...
), cement group João Santos, the Brazilian unit of Switzerland's Holcim, and investment funds were among those interested.
JMAR Capital Partners due to the quality and size of its assets is attracting a lot of attention from China and Canada.
The executive Chairman Mr Elhadj Moe Kane had traveled intensively to China meeting with the usual suspects in mining and others. " It has been a long and tough road and we know and understand that there is much more to be done moreover with the new findings in the Mato Groso's oil basin, we are very excited about the potential of our assets and the trends of the markets we understand the interest by major companies in us furthermore we will move slowly but surely in a timely manner". Alain Borges one of the principals is a major land owner and and CEO of JMAR textile in the State of Mato Groso added " It has been 8 years of hard work and commitment and now we are ready to play a major role in the cement industry with BRC Cimentos among the others FLDSmith and Satarem are retained to build the three newest plants simultaneously"
In Planning of the IPO JMAR Capital Partners plans to retain JP Morgan and Citigroup as joint book-running managers. In addition, A.G. Edwards & Sons, Inc.; UBS Investment Bank; Wells Fargo Securities; Friedman Billings Ramsey, as co-managers, Reed Smith LLP New York and Machado-Mayer in Brazil as legal counsels in connection with the IPO.