"Cementos Portland Valderrivas states that talks, negotiations or any decision regarding the cement company TXI do not exist nor have existed," the unit of local builder Fomento de Construcciones y Contratas said in a filing to the National Securities Commission (CNMV).
Earlier on Friday, the CNMV suspended trading in Portland’s shares in the morning following a report by Spanish financial daily Expansión that it was studying the possible purchase of TXI. On resuming trade, Portland’s stock closed down 0.94 per cent.
