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Readymix gets takeover offer from Cemex

CONCRETE products group Readymix has received an approach about a possible takeover offer from Readymix Investments- a subsidiary of Cemex Espana.

The offer amouonts to 22c per share in cash for the shares not already owned by the Cemex Group.

Mexico-based Cemex already owns 60pc of Readymix.

The approach is a preliminary one and may or may not lead to an offer.