FCC boosts stake in Cementos Portland to 69.78%

FCC boosts stake in Cementos Portland to 69.78%
Published: 24 June 2011

Spanish construction major FCC has increased its stake in cement subsidiary Cementos Portland Valderrivas to 69.78%, after investing EUR146,200, according to data of the Spanish stock market regulator CNMV.

FCC has recently bought some 11,370 shares of Cementos Portland, at a price of between EUR12.73 and EUR13.04 apiece.

This transaction adds to a EUR170,000 investment in Cementos Portland’s stock which FCC made earlier this month.

Since the beginning of 2010, FCC has been periodically purchasing shares in Cementos Portland, increasing its stake to the current 69.78% from the 69.58% then.