CEMEX to Divest Certain Assets in the U.S.
May 02 2016 - 5:30AM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
it has reached an agreement in principle for the sale of certain
assets in the U.S. to Grupo Cementos de Chihuahua, S.A.B. de C.V.
(“GCC”) for U.S.$400 million.
The assets, which would be sold to a U.S. affiliate of GCC,
mainly consist of CEMEX’s cement plants in Odessa, Texas and Lyons,
Colorado, three cement terminals and the building materials
business in El Paso, Texas and Las Cruces, New Mexico.
Closing of this transaction is subject to final binding
agreements being signed as well as to the fulfillment of various
conditions precedent, mainly confirmatory due diligence and
approvals from competition authorities, among others. We currently
expect to finalize this transaction before the end of 2016.
CEMEX is a global building materials company that provides high
quality products and reliable service to customers and communities
in more than 50 countries. Celebrating its 110th anniversary, CEMEX
has a rich history of improving the well-being of those it serves
through innovative building solutions, efficiency advancements, and
efforts to promote a sustainable future.
For more information on CEMEX, please
visit: www.cemex.com
For more information on GCC, please visit: www.gcc.com
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties,
and assumptions. Many factors could cause the actual results,
performance, or achievements of CEMEX or the transaction herein
described to be materially different from those expressed or
implied in this release, including not reaching final binding
agreement or not satisfying all closing conditions. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described herein. CEMEX assumes no obligation
to update or correct the information contained in this press
release. CEMEX is not responsible for the content of any
third-party website or webpage referenced to or accessible through
this press release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160502005379/en/
CEMEX, S.A.B. de C.V.Media Relations:Jorge Perez,
+52(81) 8888-4334mr@cemex.comorInvestor Relations:Eduardo
Rendon, +52(81) 8888-4256ir@cemex.comorAnalyst
Relations:Lucy Rodriguez,
+1-212-317-6007ir@cemex.com
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From Apr 2024 to May 2024
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From May 2023 to May 2024