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| Cementos Portland Valderrivas Buys Uniland Cementos Portland Valderrivas (CPV), a subsidiary of FCC, has completed the acquisition of 51% of Uniland, Cataluña's largest cement company, for 1.092 billion euro. The transaction makes CPV Spain's largest cement group. The deal is expected to be completed by the end of July. In 2007 (the first full year of consolidation), the new group will obtain 1.8 billion euro in revenues and over 600 million euro in EBITDA (i.e. an EBITDA margin of 30%). Integrating Uniland is expected to save the CPV Group over 20 million euro per year through synergies from the second year onwards. write your comments about the article :: © 2006 Construction News :: home page |