Oct 31 2014
CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has signed binding agreements with Holcim regarding the series of transactions originally announced on August 28, 2013.
The main scope of the transactions in Germany and the Czech Republic remain unchanged: CEMEX will acquire all of Holcim’s assets in the Czech Republic and will divest its assets in the western part of Germany to Holcim. In Spain, CEMEX will now acquire Holcim’s Gador cement plant (cement capacity of 0.85 million tons) and its Yeles cement grinding station (cement capacity of 0.90 million tons). Holcim will keep all its other operations in Spain.
As part of these transactions, CEMEX will pay €45 million in cash to Holcim. Once the transactions are closed, CEMEX expects a recurring improvement in its EBITDA, including synergies, of about US$20 to US$30 million.
These transactions are expected to close during the first quarter of 2015.
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
For more information on Holcim, please visit: www.holcim.com
Source: http://www.cemex.com/