Cemex, S.A.B. de C.V. has announced that it has closed the sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Limited for approximately US$53 million.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.
Celebrating its 110th anniversary, Cemex has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.
Edited from source by Joseph Green. Source: Cemex
Read the article online at: https://www.worldcement.com/asia-pacific-rim/27052016/cemex-closes-bangladesh-thailand-transaction-184/
