Cemex and Eagle Finalize Sale of Fairborn Cement Plant in U.S.
February 10 2017 - 5:00PM
Business Wire
Cemex, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
one of its subsidiaries in the U.S. has closed the divestment of
its Fairborn, Ohio cement plant and cement terminal in Columbus,
Ohio to a subsidiary of Eagle Materials, Inc. for approximately
U.S.$400 million.
The proceeds obtained from this transaction will be used mainly
for debt reduction and for general corporate purposes.
Bank of America Merrill Lynch acted as financial advisor to
CEMEX in this transaction.
CEMEX is a global building materials company that provides high
quality products and reliable service to customers and communities
in more than 50 countries. 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
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties
and assumptions. CEMEX assumes no obligation to update or correct
the information contained in this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20170210005558/en/
Cemex, S.A.B. de C.V.Media RelationsJorge Pérez,
+52 (81) 8888-4334mr@cemex.comorInvestor RelationsEduardo
Rendón, +52 (81) 8888-4256ir@cemex.comorAnalyst
RelationsLucy Rodriguez, +1-212-317-6007ir@cemex.com
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