CEMEX and Holcim Close Series of Transactions in Europe
January 06 2015 - 1:00AM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
it has closed the series of transactions with Holcim, originally
announced on August 28, 2013 and supplemented on October 30,
2014.
CEMEX acquired all of Holcim’s assets in the Czech Republic and
divested its assets in the western part of Germany to Holcim. In
Spain, CEMEX acquired Holcim’s Gador cement plant (cement capacity
of 0.85 million tons) and its Yeles cement grinding station (cement
capacity of 0.90 million tons).
As part of these transactions, CEMEX paid €45 million in cash to
Holcim. CEMEX expects a recurring improvement in its EBITDA,
including synergies, of about US$20 to US$30 million.
CEMEX is a global building materials company that provides
high-quality products and reliable services to customers and
communities in more than 50 countries. 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 Holcim, please visit: www.holcim.com
This press release contains forward-looking statements and
information that reflect CEMEX’s expectations and projections about
future events based on CEMEX’s knowledge of present facts and
circumstances and assumptions about future events, and that are
necessarily subject to risks, uncertainties, and assumptions. Many
factors could cause the actual results, performance, or
achievements of CEMEX to be materially different from those
expressed or implied in this release, including, among others, the
closing conditions not being met, changes in general economic,
political, governmental and business conditions globally and in the
countries in which CEMEX does business, changes in interest rates,
changes in inflation rates, changes in exchange rates, the level of
construction generally, changes in cement demand and prices,
changes in raw material and energy prices, changes in business
strategy, and various other factors. 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.
CEMEX, S.A.B. de C.V.Media RelationsJorge Pérez, +52 (81)
8888-4334mr@cemex.comorInvestor RelationsEduardo Rendón, +52
(81) 8888-4256ir@cemex.comorAnalyst RelationsLuis Garza, +52
(81) 8888-4136ir@cemex.com
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