Natixis Partners Iberia advised Cementos Lemona on the public tender offer process and provided a fairness opinion on the offer price.
Cementos Lemona, based in Northern Spain, produces cement, concrete, aggregates and mortar. Cementos Portland, who already controlled 30% of Cementos Lemona, launched a public offer to acquire the outstanding shares at an offer price of €32 per share. Therefore, the total valuation for 100% of the company is €358m.