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.
Read the article online at: https://www.worldcement.com/the-americas/01022017/cemex-finalises-sale-to-quikcrete/
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