Skip to main content

Cemex to divest Ventika stake

Published by
World Cement,


Cemex has closed the divestment of its interest in the Ventika wind farm project and will receive approximately US$35 million mainly for the divestment of its equity minority stake in the project.

IEnova acquired 100% of the equity in Ventika from Blackstone Energy Partners, Fisterra Energy, and other minority shareholders, including Cemex.

Cemex Energia will remain as the manager of the Ventika windfarm facilities.

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

Read the article online at: https://www.worldcement.com/the-americas/16122016/cemex-to-divest-ventika-stake/

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 
 
 

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


 

This article has been tagged under the following:

Cemex news