Portuguese cement company CIMPOR – Cimentos de Portugal, SGPS, S.A., announced on December 29 that on December 26, 2008, through its subsidiary Cimpor Inversiones, S.A., and two other Spanish companies controlled by it, has completed the acquisition of Cemex Canary Islands operations: several cement and ready-mix assets, located in Tenerife, and two shareholdings of 50 percent each in Cementos Especiales de las Islas, S.A. (CEISA) and Insular de Productos para la Construcción y la Industria, S.L. (INPROCOI). The price of the transaction, including a credit of 8.5 million Euro correspondent to the dividends declared by CEISA in previous years, was 162 million Euro, which will still be added by the amount of the working capital related to the Tenerife assets.