Cementos Portland stands firm on Lemona offer

Cementos Portland stands firm on Lemona offer
Published: 15 December 2005

Cementos Portland Valderrivas, the cement division of Spanish construction and services group FCC, has declared that it will stand firm on its takeover offer price for peer Cementos Lemona despite the target company’s plans to pay out a dividend.  Cementos Lemona has announced that it aims to pay its shareholders a dividend of 0.17 euros per share.