FCC may delay sale of US unit

FCC may delay sale of US unit
24 February 2012

Fomento de Construcciones & Contratas SA (FCC) of Spain may delay the sale of its US business after receiving offers below expectations, El Confidencial reports.

FCC had wanted EUR600m for the unit, however, potential buyers do not see economic recovery yet that will revive cement demand, the newspaper noted, citing unidentified sources.

Published under Cement News

Tagged Under: FCC USA Spain