Skip to main content

CEMEX finalises divestment of Kentucky cement plant

Published by , Deputy Editor
World Cement,

CEMEX has announced that its US affiliate, Kosmos Cement Company (‘Kosmos’), a partnership with a subsidiary of BUZZI UNICEM S.p.A. in which CEMEX holds a 75% interest, has closed its previously announced divestment of its Kentucky cement plant and related assets to Eagle Materials Inc. for an aggregate amount of approximately US$665 million, of which the proceeds to CEMEX will be approximately US$499 million.

The proceeds obtained by CEMEX from this transaction will be used mainly for debt reduction and for general corporate purposes.

BofA Securities, Inc. and Citigroup Global Markets Inc. are acting as financial advisors in this transaction.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Final tickets on sale NOW »


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


This article has been tagged under the following:

Cemex news US cement news