LISBON, Portugal (AP) _ The government said Monday it would sell its remaining 10 percent stake in cement company Cimpor to Portuguese builder Teixeira Duarte for about $360 million.

Teixeira Duarte, which already controls around 17 percent of the company, was the only bidder in the government's tender of its shares.

Finance Minister Guilherme de Oliveira Martins said the government had, in recent weeks, attempted to broker an agreement with other parties interested in Cimpor, including Switzerland's Holcim.

Last year, Holcim launched a hostile bid for the Portuguese company, but the government rejected it on grounds it violated the state's privatization regulations.

Holcim holds just under 10 percent of Cimpor, as does French company Lafarge.