< P > < FONT face = Verdana > Cemex, the world's third-largest cement producer, will buy the cement business of India's Murli Industries for $550 million, the Economic Times reported. < P > < FONT face = Verdana > Cemex finally made the offer after months of negotiations, the report said, citing a person familiar with the matter. < P > < FONT face = Verdana > According to the above understanding, the purchase price has not yet been finalized, and the final price depends on the trend of cement prices in the market. < P > < FONT face = Verdana > Murli Industries, which has a 3 million tonne per year cement plant in Maharashtra province in western India, is planning to build two cement plants with an annual capacity of 3 million tonnes each, the Economic Times said.
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