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/