SOMOZA FAMILY ASSURES THAT CEMEX WILL KEEP CONTROL OF CANAL

From: Infolatina | Date: December 30, 2004 | Copyright information

Infolatina
12-30-2004
Somoza family assures that Cemex will keep control of Canal

MEXICO CITY, Dec 30, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Somoza dynasty, which was just putting the champagne glasses away after celebrating a legal victory after a court ruled that Cementos de Mxico (Cemex) must return the Nicaraguan cement company Compaa Nacional Productora de Cemento (Canal) to its owners, has now offered guarantees to the Mexican firm that won a 25-year contract to rent out Canal, beginning in 2000.<P>Antonio Morgan, the legal representative ...

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