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| Cemex and Lafarge terminate joint ventures in Spain and Portugal Cemex has terminated its 50/50 ventures with Lafarge in Readymix Asland S.A. (RMA) in Spain and Betecna Betao Pronto S.A. in Portugal after receiving regulatory approval from the relevant competition authorities. According to the terms of the agreement, in addition to receiving approximately €50 M in cash, Cemex also receives 29 concrete plants and 5 aggregate quarries from RMA in Spain The addition of one other aggregate quarry, which would bring the total to 6, remains subject to local regulatory approval. As a result of the termination of the joint ventures, Lafarge holds 100% of the shares of both RMA and Betecna. write your comments about the article :: © 2005 Construction News :: home page |