Inmocemento, the cement and real estate spin-off from Spanish construction company FCC, said it expects its shares to begin trading on November 12th at a market value of 1.93 billion euros (US$2.1 billion). The company, which comprises 454.9 million shares, has set a reference price of 4.25 €/share for its listing. FCC, which is controlled by Mexican billionaire Carlos Slim, transferred substantial assets including the cement plants of the two units FCYC and Cementos Portland Valderrivas (Photo: closed Vallcarca plant) as well as FCC’s stakes in two real estate developers Realia and Metrovacesa.