Company to assume full ownership of two joint ventures between CEMEX USA and Ready Mix USA
CEMEX have announced that, pursuant to the exercise of a put option by Ready Mix USA, they are to assume full ownership in the two joint ventures between CEMEX USA and Ready Mix USA, which were created in 2005 and have cement, aggregates, ready-mixed concrete and block assets located in the south-east of the US.
The aggregate purchase price for Ready Mix USA’s interests is approximately US$350 million.
CEMEX say they will also consolidate approximately US$28 million in net debt held by one of the joint ventures.
