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Spain's Cementos Portland to Buy Texas Industries: Report

AFX
Friday, 15 Jun 2007 | 4:44 AM ET

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.

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TXI
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