The transaction will be closed pending approval by regulatory authorities and Strabag’s supervisory board. Cemex Hungaria, which generated revenue of €61 million in 2007, is Hungary’s second-biggest cement company. It operates 40 finished product plants, five mixing plants and eight quarries. Last year, Cemex set up a service centre in Budapest for the back-office activities of all of its European units. (MTI-Econews)
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