Cemex to Divest a Part of Its Operations in Colombia
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 announced today that it is in the process of divesting certain operations in Colombia. The divestment is expected to take place through several separate transactions with different parties, for a combined purchase price of approximately US$555 million, at an approximate 10x multiple of 2025 EBITDA.As a first step, Cemex entered into an agreement with the Holcim Group to sell a cement plant (Caracolito), a grinding mill (Santa Rosa), and a portfolio of ready-mix concrete, aggregates, mortar, and admixture plants for a purchase price of US$485 million. The transaction with Holcim is currently expected to close at the end of the year, subject to customary closing conditions, including regulatory approvals.In addition, Cemex is currently negotiating with other third parties the sale of remaining assets in the same general geographic area that were not included in the transaction with Holcim, which the company expects to generate approximately
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