On 4 October 2002 it was announced that FLS Industries A/S and Højgaard Holding a/s had signed a conditional agreement on selling their shares in the jointly owned Portuguese company FLSHH SGPS, Lda., which controls the two companies' interests in the Secil, S.A. cement group. The deal was subject to the buyer, Semapa, S.A., having secured financing of the acquisition within 45 days.
Semapa has informed the sellers that it has not yet been possible to reach an agreement on the financing within the fixed time limit and has therefore requested an extension until 9 December 2002. Højgaard Holding and FLS Industries have decided to accept the request, and it was agreed between the parties that no further extension of the time limit should be expected
FLS Industries A/S
Corporate Public Relations