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Cemex completes sale of assets

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World Cement,

Cemex has announced that it has closed the sale of certain assets in the US to Grupp Cementos de Chihuahua, for approximately US$306 million.

The proceeds will primarily be used for debt reduction and for general corporate purposes.

The assets sold by an affiliate of Cemex in the US to an affiliate of GCC in the US consist of Cemex’s cement plant in Odessa, Texas, two cement terminals and the building materials business in El Paso, Texas, and Las Cruces, New Mexico.

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