Cemex gets FDI nod for Rinker bid

Cemex gets FDI nod for Rinker bid
08 March 2007

Cemex has reportedly received foreign investment approval from the federal government for its hostile takeover bid for Rinker Group Ltd.

Subsidiary Cemex Australia Ltd announced today that a defeating condition of its offer relating to Australian foreign investment approval had been fulfilled.

Rinker has urged its shareholders to reject Cemex’s US$12bn (A$15.4bn) offer, which it described last November as "far too low".
Published under Cement News