CEMEX complete sale of certain US assets

Grupo Cementos de Chihuahua acquire operations in Texas and New Mexico for US$306 million

CEMEX have closed the sale of certain assets in the US to Grupo Cementos de Chihuahua (GCC) for approximately US$306 million.

The assets sold by an affiliate of CEMEX in the US to an affiliate of GCC in the US consist of CEMEX’s cement plant in Odessa, Texas, as well as two cement terminals and the building materials business in El Paso, Texas, and Las Cruces, New Mexico.

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