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Cemex eyes legal action over failed Austrian deal

Sat Jul 4, 2009 12:43am IST
 
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MONTERREY, Mexico, July 3 (Reuters) - Mexico's Cemex, the world's No. 3 cement company, said on Friday it was considering legal action against Strabag (STRV.VI: Quote, Profile, Research) over a failed asset sale to the Austrian builder.

Strabag dropped its plan to buy Cemex's (CMXCPO.MX: Quote, Profile, Research)(CX.N: Quote, Profile, Research) units for 310 million euros ($435 million) because it did not get Austrian anti-trust officials approval by a June 30 deadline. [ID:nL3637838] (Reporting by Robin Emmott, editing by Leslie Gevirtz)

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