CEMEX COMPLETES DEAL.
Cemex, the Mexican cement company, said it has completed the
public offer to buy 97.7% of the shares of the Puerto Rico Cement Co.
(PRCC) for US$35 per share, reports El Vocero (July 31, 2002). Cemex,
the world's third largest cement company, made the deal through one
of its subsidiaries, Tricem Acquisition, for US$180 million. Cemex
absorbed a debt of US$70 million. PRCC has an annual production capacity
of 1.4 million cubic meters of concrete, and last year sold 1 million
tons in the Puerto Rican market. See related story in section on
Trinidad & Tobago.