Cementos Portland Valderrivas increases stake in Cementos Lemona

Cementos Portland Valderrivas increases stake in Cementos Lemona
Published: 09 June 2006

Spanish cement producer Cementos Portland Valderrivas has invested EUR111,360 in the acquisition of 3,480 Cementos Lemona shares, thus increasing the stake in its subsidiary to 97.403 per cent. 
 
Back in February this year, the Spanish group acquired 96.06 per cent of Cementos Lemona through a takeover bid. In March, The Spanish group decided to launch a squeeze-out of the subsidiary’s remaining minority shareholders at 32 euros per share in order to delist the stock.