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CEMEX complete Austria and Hungary sale

CEMEX

Quarries and ready-mixed concrete plants sold to Rohrdorfer Group for €160 million

CEMEX announced today that they have closed the sale of their operations in Austria and Hungary to Germany’s Rohrdorfer Group for approximately €160.1 million. The transaction was originally announced on 12 August 2015.

The Austrian operations consist of 24 aggregate quarries and 34 ready-mixed concrete plants. These operations had net sales of approximately US$241 million in 2014.

 

The Hungarian operations consist of five aggregate quarries and 34 ready-mixed concrete plants. These operations had net sales of approximately US$47 million in 2014.

CEMEX say the proceeds from the transaction will be used mainly for debt reduction and general corporate purposes.

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