CEMEX and GCC Close the Sale of Certain Assets in the U.S.
November 18 2016 - 4:30PM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
it has closed the sale of certain assets in the U.S. to Grupo
Cementos de Chihuahua, S.A.B. de C.V. (“GCC”) for approximately
U.S.$306 million.
The proceeds obtained from this transaction will be used mainly
for debt reduction and for general corporate purposes.
The assets sold by an affiliate of CEMEX in the U.S. to an
affiliate of GCC in the U.S. consist of CEMEX’s cement plant in
Odessa, Texas, two cement terminals and the building materials
business in El Paso, Texas and Las Cruces, New Mexico.
Citigroup acted as financial advisor to CEMEX in this
transaction.
CEMEX is a global building materials company that provides high
quality products and reliable service to customers and communities
in more than 50 countries. Celebrating its 110th anniversary, 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 GCC, please visit: www.gcc.com
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 transaction herein
described to be materially different from those expressed or
implied in this release, including not satisfying all customary
closing conditions. 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/20161118005396/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
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