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 million, which includes approximately US$ 31 million of debt.

The active assets being divested consist of 49 ready-mix plants, 28 aggregate quarries, four depots, one cement terminal, 14 asphalt plants, and four concrete products operations. Part of Cemex’s Paving Solutions business in the United Kingdom, together with some inactive sites, are also included in the sale to Breedon. After completion of the divestiture, Cemex will still retain a substantial integrated business in the United Kingdom encompassing, among other things, cement production, ready-mix concrete, aggregates, asphalt, and paving solutions.

EBITDA for 2018 generated by the divested assets was approximately US$ 21 million (US$ 29 million adjusted for IFRS 16).

The proceeds expected to be obtained from this divestment will be used mainly for debt reduction and for general corporate purposes.

Prior to completion of the divestiture, Cemex will be running an information and consultation process with employees who are affected by the transaction. Cemex currently expects to finalize this divestment during the second quarter of 2020.

www.cemex.com

Related articles:

Issue 2019-4 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...

more
Issue 2020-1-2 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 2016-12 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 2019-5 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 2016-7-8 LAFARGEHOLCIM

LafargeHolcim enters into agreement with Nirma Limited for divestment­ of Lafarge­ India

LafargeHolcim announced it has entered into a letter agreement with ­Nirma Limited subject to approval by the Competition Commission of India (CCI) for the divestment of its interest in Lafarge India...

more