CEMEX

Cemex sells plants in Europe to German companies

The Mexican building materials group Cemex sells a number of quarries and cement plants inEurope for a total of 391 million Euros to German companies. The Upper Bavarian Rohrdorfergroup takes over the business in Austria and Hungary for 160.1 million Euros, as Cemex said in a press release on 12.08.2015. Duna-Dráva Cement, asubsidiary of ­HeidelbergCement, therefore buys for 230.9 million Euros,quarries, cement and concrete plants in Croatia, Bosnia and Herzegovina, Montenegro and Serbia.

The business is to be completed by the end of the year. However, the regulators must still approve the sale in advance. With the proceeds Cemex wants primarily to reduce its debt. The world’s fourth largest cement producer had acquired production facilities in the 2000s around the world and thereby indebted heavily.

//www.cemex.com" target="_blank" >www.cemex.com:www.cemex.com

x

Related articles:

Issue 2/2021 HEIDELBERGCEMENT AG

HeidelbergCement sells Kuwait business

HeidelbergCement has successfully sold its majority stake of 51% in the Kuwaiti cement and ready-mixed concrete company Hilal Cement to Silver Share Real Estate. The parties agreed not to disclose the...

more
Issue 1-2/2018 HEIDELBERGCEMENT AG

HeidelbergCement sells half of its Georgian business

On 10.11.2017, HeidelbergCement announced that it has sold 50?% of the voting rights in its Georgian business to Cement Invest, an investment company jointly managed and owned by the Georgian...

more
Issue 6/2017 HEIDELBERGCEMENT AG

HeidelbergCement to broaden its vertical integration in northwestern USA

On 18.04.2017, HeidelbergCement announced that its U.S. subsidiary Cadman Materials, Inc., a LehighHanson company, has entered into an agreement with a U.S. subsidiary of Cemex S.A.B. de C.V to buy...

more
Issue 4/2021 HEIDELBERGCEMENT AG

HeidelbergCement sells its U.S. West region business for US$ 2.3 billion

As part of its portfolio optimization and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the U.S. West region...

more
Issue 4/2018 HEIDELBERGCEMENT AG

HeidelbergCement to sell stake in Lehigh White Cement Company in the USA

HeidelbergCement has announced that its subsidiary Lehigh Cement Company LLC has signed an agreement to sell its 51?% position in Lehigh White Cement Company to the minority shar­eholders Aalborg...

more