One of Cemex’s subsidiaries in the US has closed the divestment of its Fairborn, Ohio, cement plant and cement terminal in Columbus, Ohio, to a subsidiary of Eagle Materials, Inc. for approximately US$400 million.
The proceeds will be used predominantly for debt reduction and general corporate purposes.
The Bank of America Merrill Lynch acted as financial advisor to Cemex in this transaction.
Read the article online at: https://www.worldcement.com/the-americas/13022017/cemex-and-eagle-finalise-sale/
Unlocking the power of Artificial Intelligence and Machine Learning (AI/ML) is projected to drive the next generation of industrial manufacturing. Join Petuum for their webinar on AI/ML applications for cement manufacturing, which will include a real-world case study and its results. Register for free today »
