Readymix’s sale is set to be concluded next month after the building materials group’s shareholders unanimously recommended the move yesterday.

Readymix shareholders will vote on the proposed €27.4m takeover of the company on Apr 5.

Readymix is expecting its total losses for 2011 to amount to €54 million.

READYMIX’s share price shot up by over 500% yesterday on the back of it entering talks which could lead to the takeover of the company.