Cimpor SGPS said Monday it has acquired 40 per cewnt of Spain’s Firmes y Hormigones SANI for Euro 4.19m. Cimpor also said it had arranged an option to buy, under the same terms, an additional 50 per cent of the Spanish company.
The main activity of Firmes y Hormigones SANI consists in extracting, screening and commercializing around 600,000t of aggregates in two quarries located in the region of Badajoz. It also produces and sells 150,000 cubic meters a year of ready-mix concrete, and operates seven ready-mix concrete facilities located in the region.
