Cemex to divest certain assets in the US
Published by Joseph Green,
Editor
World Cement,
Cemex S.A.B. de C.V. has announced that it has reached an agreement in principle for the sale of certain assets in the US to Grupo Cementos de Chihuahua, S.A.B. de C.V. for US$400 million.
The assets, which would be sold to a US affiliate of GCC, mainly consist of Cemex’s cement plants in Odessa, Texas and Lyons, Colorado, three cement terminals and the building materials business in El Paso, Texas and Las Cruces, New Mexico.
Closing of this transaction is subject to final binding agreements being signed as well as to the fulfilment of various conditions precedent, mainly confirmatory due diligence and approvals from competition authorities, among others. We currently expect to finalise this transaction before the end of 2016.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/the-americas/03052016/cemex-divest-certain-assets-us-21/
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.
