Cementos Portland to ask permission for capital hike, Spain

Spanish cement producer Cementos Portland Valderrivas will request its shareholders permission to launch a capital increase over the next five years.

With the move, the company is seeking to reinforce its balance sheet in case it fails to wrap up the sale of US unit Giant.

The company's shareholders will hold a general meeting on May 18.

Abstracted from an original article in Cinco Dias