CEMEX Announces Divestment of Certain Assets in the UK
Cemex, S.A.B. de C.V. Sponsored ADR (CX)
US:NYSE Investor Relations:
cemex.com/investors/overview
Company Research
Source: Business Wire
MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that one of its subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group (Breedon), for a total consideration of approximately U.S.$235 million, which includes approximately U.S.$31 million of debt.The active assets being divested consist of 49 ready-mix plants, 28 aggregate quarries, 4 depots, 1 cement terminal, 14 asphalt plants, and 4 concrete products operations. Part of CEMEX’s Paving Solutions business in the United Kingdom, together with some inactive sites, are also included in the sale to Breedon. After completion of the divestiture, CEMEX will still retain a substantial integrated business in the United Kingdom encompassing, among other things, cement production, ready-mix concrete, aggregates, asphalt, and paving solutions.EBITDA for 2018 generated by the divested assets was approximately U.S.$21 million (U.S.$29 million adjust
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Sec Filings
- 4/15/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/8/24 - Form 144
- CX's page on the SEC website