CEMEX Announces Divestment of Its Operations in Bangladesh and Thailand
March 10 2016 - 06:30AM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
it has signed an agreement for the sale of its operations in
Bangladesh and Thailand to SIAM CITY CEMENT PUBLIC COMPANY LIMITED
for approximately U.S.$53 million.
The proceeds obtained from this transaction will be used mainly
for debt reduction and for general corporate purposes.
The closing of this agreement is subject to the satisfaction of
standard conditions for this type of transactions. We currently
expect to finalize this divestiture during the second quarter of
2016.
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.
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 to be materially different
from those expressed or implied in this release, including, among
others, not satisfying the conditions to sell the above described
assets, 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160310005407/en/
CEMEX, S.A.B. de C.V.Media RelationsJorge Pérez,
+52(81) 8888-4334mr@cemex.comorInvestor RelationsEduardo
Rendón, +52(81) 8888-4256ir@cemex.comorAnalyst
RelationsLucy Rodriguez, +1(212)
317-6007ir@cemex.com
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From Feb 2024 to Mar 2024
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From Mar 2023 to Mar 2024