CEMEX Finalizes Divestment of Cement Plant in Kentucky and Related Assets in the U.S.
Cemex, S.A.B. de C.V. Sponsored ADR (CX)
US:NYSE Investor Relations:
cemex.com/investors/overview
Company Research
Source: Business Wire
MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that its U.S. affiliate, Kosmos Cement Company (“Kosmos”), a partnership with a subsidiary of BUZZI UNICEM S.p.A. in which CEMEX holds a 75% interest, has closed its previously announced divestment of its Kentucky cement plant and related assets to Eagle Materials Inc. for an aggregate amount of approximately U.S.$665 million, of which the proceeds to CEMEX will be approximately U.S.$499 million.The proceeds obtained by CEMEX from this transaction will be used mainly for debt reduction and for general corporate purposes.BofA Securities, Inc. and Citigroup Global Markets Inc. are acting as financial advisors in this transaction.CEMEX is a global building materials company that provides high quality products and reliable services. 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
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