Holcim Apasco accepts share offer El Economista

Holcim Apasco accepts share offer El Economista
Published: 18 February 2004

The board of Holcim Apasco has approved the public share offer made by Holcim Investments, after considering that it safeguards the interests of minority shareholders and is within the parameters established under applicable legal rulings.

The cement manufacturer told shareholders that on 13 February the public offer was made for shares representing corporate capital of Holcim Apasco. The same day the board met to discuss the conditions of the offer. The board gave its approval for the offer in that session considering that it had prior approval from the National Banking and Securities Commission (CNBV) and the price offered was reasonable. This was in the wake of the auditing committee, and Santander Central Hispano Investment had also said the offer was acceptable.<P>Swiss cement company Holcim Ltd.