GO
Loading...

Spain's Cementos Portland to Buy Texas Industries: Report

Trading in the securities of Fomento de Construcciones y Contratas' Cementos Portland division has been suspended after a report in Expansion newspaper that it is planning to acquire Texas Industries .

FCC declined to comment on the report.

The newspaper, citing unnamed sources, said the strategic acquisition is seen opening doors for the builder into California and other key U.S. markets.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video

  • James Ramelli, Keeneonthemarket.com, says he does not want to be exposed to to Apple on the release of the Watch. Tom Forte, Brean Capital, shares his position on the stock.

  • Dissecting today's market activity, with Peter Andersen, Congress Wealth Management; Mike Pequeen, Hightower; and Gina Sanchez, Chantico Global.

  • Nela Richardson, Chief Economist, Redfin, and CNBC's Diana Olick, discuss home ownership and whey the suburbs seem to be losing their appeal. The good news: more young people can afford to form new households, she says.