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Cemex offers to take over all of Readymix

19 Jan 12 Mexican cement giant Cemex, which already owns 61.2% of Ireland’s Readymix plc, has pitched an offer to take over the remaining 38.8%.

The directors of loss-making Readymix plc have received an approach from Readymix Investments, a wholly owned indirect subsidiary of Cemex España SA, outlining the terms of a possible offer which it may be prepared to make for the outstanding shares.

Readymix Investments has indicated that it would be prepared to offer Euro 0.22 per share in cash. Discussions have now opened on this basis.

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MPU
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