Skip to main content

Cemex to divest operations in Bangladesh and Thailand

Published by , Assistant Editor
World Cement,


On 10 March 2016 Cemex announced that it will be divesting its operations in Bangladesh and Thailand.

The company announced that it has signed an agreement for the sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Limited, for approximately US$53 million.

The proceeds from the transaction will primarily be used for the reduction of debt as well as for general corporate purposes.

The closing of the agreement is subject to the satisfaction of the standard conditions for this type of transaction – it is expected that the divestiture will be finalised at some point during 2Q16.


Adapted from press release by

Read the article online at: https://www.worldcement.com/asia-pacific-rim/11032016/cemex-to-divest-operations-in-bangladesh-and-thailand-672/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):