Colombia's Cementos Argos is currently looking into acquiring the assets Lafarge and Holcim are planning to sell in Latin America, particularly Mexico and Brazil. However, it has not yet finalised any negotiations.

"We are firstly interested in looking at Mexico and Brazil," said José Alberto Vélez, president of the Argos Group, in the local newspaper La República. "We have been watching with interest and enthusiasm, but have nothing concrete yet."

Earlier this month, Holcim and Lafarge proposed to sell three integrated cement plants and two grinding stations as well as a ready-mix concrete plant in southeastern Brazil.