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.