The Spanish shareholders of Uniland, the Spanish cement firm, have set May 3 as the deadline for indicative offers for their 74 per cent stake. After the deadline has passed, investment bank Lazard will cut the number of bidders to less than five. The tender could value the entire company at Euro 1.5bn.
Potential buyers include cement groups such as Portland Valderrivas of Spain (a subsidiary of the FCC group), Cemex and Cimpor of Portugal, and venture capital firms. The winner will be chosen on criteria of price and industrial development strategies. Irish building materials group CRH owns the remaining 26.4 per cent of Uniland.