Is Cemex leaving Colombia? The cement company divests $555 million in a deal with Holcim and other firms

TL;DR

Cemex is divesting approximately $555 million of its Colombian operations through various transactions.
An initial agreement has been signed with Holcim to sell cement and concrete assets for $485 million.
The sale to Holcim includes a cement plant in Caracolito, a grinding mill in Santa Rosa, and various concrete plants, aggregates, mortar, and additive operations.
Cemex is negotiating with other buyers for the remaining assets, aiming for an additional $70 million in revenue.
This divestment is part of Cemex's global strategy to optimize its portfolio and concentrate investments in key markets.
Cemex will maintain a presence in Colombia with two cement plants (Maceo and Cúcuta), a grinding mill (Clemencia), and concrete plants and aggregate quarries.

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