MEXICO CITY Oct 13 Mexico's Elementia, a cement
maker partly owned by billionaire Carlos Slim, said on Thursday
it had signed a letter of intent to purchase 55 percent of Giant
Cement Holdings Inc.
In a statement, Elementia said Giant had operations in the
east coast of the United States, including three cement plants,
three limestone quarries and six terminals.
"The Giant acquisition will grant Elementia access to the
third biggest cement market in the world," the company said.
Elementia did not mention a price in the statement.
(Reporting by Dave Graham)