Cementos Molins’ shareholders to vote

Cementos Molins’ shareholders to vote
Published: 22 June 2004

The board of shareholders of Spanish cement producer Cementos Molins will vote tomorrow on a Euro 265.5m plan to take over the 40.9 per cent stake of the group which is in the hands of French counterpart Lafarge, together with the amortization of these shares through a capital reduction.  The actual bid will be tabled for 43.9 per cent of the shares in order to guarantee the small shareholders’ preferential right to sell their shares, with the application of no pro-rata allocation rules. The offer price stands at 60.5 euros per share, or 57.5 euros if the nominal value of 3 euros per share is taken away.