Readymix considers Cemex Espana offer

A sub-committee of the board of Readymix is considering Cemex’s EUR9.5m offer to by the outstanding 40 per cent of the company it does not own via its Spanish subsidiary.

The Irish Times reports that Readymix chairman Adrian Auer and independent director Donal O’Connor are considering the approach and working on a response.

Readymix yesterday said that it expected total losses for 2011 to reach €54m.