CEMEX S.A.B. DE C.V.

Cemex announces divestment of assets
in the Baltics and Nordics

Cemex announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to the German building materials group Schwenk, for approximately € 340 million.

The Baltic assets being divested consist of one cement production plant in Broceni with a production capacity of approximately 1.7 Mt, four aggregates quarries, two cement quarries, six ready-mix plants, one marine terminal and one land distribution terminal in Latvia. The assets divested also include Cemex’s approximate 38 % indirect interest in one cement production plant in Akmene in Lithuania, with a production capacity of approximately 1.8 Mt. In addition, the exports business to Estonia is also included as part of the divestment.

The Nordic assets being divested consist of three import terminals in Finland, four import terminals in Norway and four import terminals in Sweden.

Consolidated operating EBITDA generated by the divested assets was approximately € 27.3 million in 2018.

The proceeds expected to be obtained from this divestment will be used mainly for debt reduction and for general corporate purposes. The closing of this transaction is subject to the satisfaction of standard conditions for this type of transaction, which includes authorization by regulators. It is expected to finalize this divestment during the first quarter of 2019.

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

x

Related articles:

Issue 1-2/2020 CEMEX S.A.B. DE C.V.

Cemex announces divestment of certain assets in the UK

Cemex has announced that one of its subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to the Breedon Group, for a total consideration of approximately US$?235...

more
Issue 1-2/2020 CEMEX S.A.B. DE C.V.

Cemex announces divestment of Kentucky cement plant and related assets in the U.S.

Cemex announced that its U.S. affiliate, Kosmos Cement Company, a partnership with a subsidiary of Buzzi Unicem S.p.A. in which Cemex holds a 75?% interest, has signed a definitive agreement for the...

more
Issue 5/2019 CEMEX S.A.B. DE C.V.

Binding divestment agreements with Çimsa Çimento and GP Günter Papenburg

Cemex announced that it has reached a binding agreement with Çimsa Çimento Sanayi Ve Ticaret A.S., to divest Cemex’s white cement business, including its Buñol cement plant in Spain, for...

more
Issue 12/2016 CEMEX

Cemex announces divestment of its ­Fairborn cement plant in the U.S.

On 12.09.2016 Cemex, S.A.B. de C.V. announced that one of its subsidiaries in the U.S. has signed a definitive agreement for the sale of its Fairborn, Ohio cement plant and cement terminal in...

more
Issue 5/2021 CEMEX S.A.B. DE C.V.

Cemex closes divestment of its Buñol white cement plant and part of its white cement business

Cemex has announced that it has successfully closed the previously announced sale of its white cement business, including its Buñol cement plant in Spain, to Çimsa Çimento Sanayi Ve Ticaret A.S.,...

more