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Slim’s Elementia to buy Giant Cement of US

Friday, October 14, 2016


Mexico's Elementia, a cement maker partly owned by billionaire Carlos Slim, said on Thursday it had signed a letter of intent to purchase 55 percent of Giant Cement Holdings Inc.

In a statement, Elementia said Giant had operations in the east coast of the United States, including three cement plants, three limestone quarries and six terminals.

Source: Reuters