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Article: CEMEX Announces Significant Progress Towards Finalizing a Negotiation With Thailand's TPI Polene.
- Article from:
- Business Wire
- Article date:
- September 24, 2001
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Business Editors
MONTERREY, Mexico--(BUSINESS WIRE)--Sept. 24, 2001
CEMEX, S.A. de C.V. (NYSE: CX) announced today that it has made significant progress towards finalizing the negotiation of an agreement under which CEMEX could acquire a controlling stake in Thailand's TPI Polene subject to several conditions being met.
The negotiations had been initiated with the plan administrator, Mr. Prachai Leophairatana TPI Polene's CEO, under the rehabilitation program of Thai cement producer TPI Polene, and would be subject to the approval of the creditors. Such approval may be obtained subsequent to a scheduled creditor meeting on September 25th 2001.
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