SAO PAULO, Feb 23 (Reuters) - Brazil's largest cement producer, Votorantim Cimentos, said on Friday it has submitted an offer for assets owned by InterCement Brasil, entering the race after peer CSN presented a bid.
Votorantim said in a securities filing that its offer was "individual and independent," denying earlier reports from local media that its bid would be made through a consortium with other companies.
The firm did not give any details about the proposal, but said that it was non-binding.
In a separate filing, Intercement - which is controlled by the Mover group, formerly known as Camargo Correa - confirmed that a competitive process for its assets was underway and offers were being analyzed.
The company said it had tapped investment bank BTG Pactual to advise it on a potential deal, including "private placement, merger or partnership with a strategic player, to a potential divestment." (Reporting by Alberto Alerigi Jr.; additional reporting and writing by Peter Frontini; editing by Jason Neely)
