Cemex Divests in Colombia, Sells Key Assets to Swiss Giant for US$485 Million
The Mexican group Cemex, one of the world's largest cement producers, announced that it is advancing in a process to divest part of its...
TL;DR
- Cemex agrees to sell a cement plant, a grinding mill, and over 20 related assets in Colombia to Holcim for US$485 million.
- The sale is part of Cemex's strategy to optimize its asset portfolio and focus investments on strategic markets.
- The total divestment in Colombia could reach US$555 million through additional independent transactions.
- Cemex will retain two cement plants, a grinding mill, and other concrete and aggregate facilities in Colombia.
- The transaction is expected to close by the end of the year, subject to regulatory approvals.