Company Website:
http://www.cemex.com
MONTERREY, Mexico -- (Business Wire)
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has
reached an agreement in principle for the sale of certain assets in the
U.S. to Grupo Cementos de Chihuahua, S.A.B. de C.V. (“GCC”) for U.S.$400
million.
The assets, which would be sold to a U.S. affiliate of GCC, mainly
consist of CEMEX’s cement plants in Odessa, Texas and Lyons, Colorado,
three cement terminals and the building materials business in El Paso,
Texas and Las Cruces, New Mexico.
Closing of this transaction is subject to final binding agreements being
signed as well as to the fulfillment of various conditions precedent,
mainly confirmatory due diligence and approvals from competition
authorities, among others. We currently expect to finalize this
transaction before the end of 2016.
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 reaching final binding agreement or not satisfying all
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160502005379/en/
Contacts:
CEMEX, S.A.B. de C.V.
Media Relations:
Jorge Perez, +52(81)
8888-4334
mr@cemex.com
or
Investor
Relations:
Eduardo Rendon, +52(81) 8888-4256
ir@cemex.com
or
Analyst
Relations:
Lucy Rodriguez, +1-212-317-6007
ir@cemex.com
Source: CEMEX, S.A.B. de C.V.
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