CEMEX to Maintain Its Operations in Croatia
April 05 2017 - 6:22AM
Business Wire
Cemex, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that
the European Commission (the “EC”) has issued a decision that
ultimately does not allow CEMEX to sell its operations in Croatia
to Duna-Drava Cement Kft., a joint venture owned by
HeidelbergCement AG and Schwenk Zement AG.
As one of the closing conditions under the corresponding sale
purchase agreement was to receive the necessary clearance from the
EC, the transaction will not close and CEMEX will maintain its
operations in Croatia and continue to operate them and serve its
customers with high quality products and reliable services.
CEMEX Croatia operates 3 cement plants, 7 concrete plants, 2
aggregates quarries and a network of maritime and land-based
terminals in Croatia, Bosnia-Herzegovina and Montenegro.
CEMEX is a global building materials company that provides
high-quality products and reliable services 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/20170405005578/en/
Cemex, S.A.B. de C.V.Media Relations:Jorge Perez,
+52(81) 8888-4334mr@cemex.comorInvestor Relations:Eduardo
Rendon, +52(81) 8888-4256ir@cemex.comorAnalyst
Relations:Lucy Rodriguez, +1(212)
317-6007ir@cemex.com
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