Cimescaut shareholders oppose takeover
First publishedon www.AggBusiness.com
The major shareholders in Cimescaut – including the company’s founders the Bertrand family – have said they will oppose the planned takeover of Carrières d'Antoing in Belgium by CBR. Cimescaut owns a 60% share of Carrières d'Antoing, while CBR holds a 40% stake but has offered €5.33million to buy out Cimescaut’s interest in the quarry.
CBR has taken the acquisition plan to court and a ruling from Commercial Court of Tournai is expected by late June 2010.