Inversiones Y Desarrollos S.A. offered to acquire additional 20.52% stake in Cementos Bio-Bio S.A. (SNSE : CEMENTOS) for CLP 45.9 billion.

Cementos Bio Bio SA is a Chile-based company primarily engaged in the construction materials industry. The Company’s main businesses are structured in two areas: Cement and Ceramics. The Cement area comprises the production, distribution and sale of cement, lime, concrete, mortar and aggregates. In the Ceramics area, the Company is active in the production, distribution and sale of bathroom fixtures, such as bathtubs, faucets, fittings and plastic accessories, among others. As of December 31, 2012, the Company owned such subsidiaries as Industria Nacional de Cemento SA, Cementos Bio Bio Centro SA, Ready Mix SA, Inversiones San Juan SA, Minera Rio Colorado SA, Inversiones Cementos Bio Bio SA, Morteros y Aridos Dry Mix Ltda and Inacal SA, among others. The Company’s major shareholder was Inversiones y Desarrollos Ltda was its major shareholder with 26.42% of its interest.