Cemex says it has succeeded in its bid to acquire Trinidad Cement Ltd (TCL).
The Mexican cement giant, through its subsidiary Sierra Trading, now has a 67.39% stake in TCL, according to a company statement.
The statement continued: “Sierra Trading, having received the Foreign Investment Licence from the Trinidad and Tobago Ministry of Finance, disclosed that all terms and conditions of the offer made pursuant to the Offer and Takeover Bid dated December 5, 2016, as amended on January 9, 2017,...have b