Cemex to divest Ventika stake
Published by Rebecca Bowden,
Assistant Editor
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
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.
