Portland Valderrivas explores sale of Cemento Lemona to CRH

Spain’s Cementos Portland Valderrivas is currently considering the sale of its Basque subsidiary Cementos Lemona to the Irish multinational CRH.

Yesterday, CRH directors visited the facilities of Prefabricades Lemona. This follows a visit last month to the Lemona’s quarries and cement plant, according to Spanish daily El País.

Sources indicate that after months of negotiation, the acquisition process is in its final stages although there has been no confirmation of the sale yet. Portland Valderrivas declined to comment on the sale.