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Cemex finalises sale to Quikcrete

Published by , Assistant Editor
World Cement,

Cemex has announced that one of its subsidiaries in the US has closed the divestment of its US Reinforced Concrete Pipe Manufacturing Business to Quikcrete Holdings, for about US$500 million.

Included in the transaction is the potential addition of US$40 million to the purchase price, contingent on future performance.

The proceeds from the transaction will be put towards debt reduction and used for general corporate purposes.


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