CEMEX Closes Austria and Hungary Transaction
November 02 2015 - 6:30AM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
it has closed the sale of its operations in Austria and Hungary to
the Rohrdorfer Group for approximately €160.1 million. The
transaction was originally announced on August 12, 2015.
The Austrian operations consist of 24 aggregate quarries
(approximately 6.47 million metric tons of aggregates sold in 2014)
and 34 ready-mix plants (approximately 1.60 million cubic meters of
ready-mix sold in 2014). CEMEX’s operations in Austria had net
sales of approximately U.S.$241 million in 2014.
The Hungarian operations consist of 5 aggregate quarries
(approximately 1.36 million metric tons of aggregates sold in 2014)
and 34 ready-mix plants (approximately 0.46 million cubic meters of
ready-mix sold in 2014). CEMEX’s operations in Hungary had net
sales of approximately U.S.$47 million in 2014.
The proceeds obtained from this transaction will be used mainly
for debt reduction and for general corporate purposes.
Bank of America Merrill Lynch, Citigroup, BNP Paribas and Morgan
Stanley & Co. International plc acted as financial advisors to
CEMEX in this transaction.
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 the Rohrdorfer Group, please visit:
www.rohrdorfer.eu
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties,
and assumptions. Many factors could cause the actual results,
performance, or achievements of CEMEX or the project herein
described to be materially different from those expressed or
implied in this release. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151102005549/en/
CEMEXMedia RelationsJorge Pérez, +52(81)
8888-4334mr@cemex.comorInvestor RelationsEduardo
Rendón, +52(81) 8888-4256ir@cemex.comorAnalyst
RelationsLucy Rodriguez, +1-212-317-6007ir@cemex.com
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