Oscar-nominated Mexican actress Salma Hayek and her billionaire businessman fiance Francois-Henri Pinault have called off their engagement.

Los Angeles - Oscar-nominated Mexican actress Salma Hayek and her billionaire businessman fiance Francois-Henri Pinault have called off their engagement.

“We are sad to announce the engagement of Salma Hayek and Francois-Henri Pinault has been canceled. There will be no further comment,” said Cari Ross, Hayek’s spokeswoman, in a statement.

Earlier this year Salma told Glamour magazine that she felt no great “need” to get married but thought they “probably” would: “You want to grow old with someone, you want to have a partner and to have children - we have all those things. Some people need the commitment. Maybe we’ll just make the party!”

Forty-one-year-old Hayek and 46-year-old Pinault met in Italy in 2006 and have one child together, Valentina Paloma Pinault, born September 2007.

Hayek, who has stared in such films as Spy Kids and Traffic, is currently a producer on the hit ABC show Ugly Betty.