Cemex sold its operations in Guatemala to Holcim Group for a total consideration of approximately $200 million.
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Tag: divestment
Cemex Divests Dominican Assets
Cemex signed a deal for the sale of its Dominican Republic operations to Cementos Progreso and strategic partners for a total consideration of $95 million.
Read MoreFLSmidth Cement Closes MAAG Business Divestment
FLSmidth Cement closed the sale of its MAAG gears and drives business to the Swedish investment company, Solix Group AB.
Read MoreFLSmidth Explores Cement Unit Divestment
FLSmidth is looking at available divestment options for its Cement business to unlock the unit’s full potential.
Read MoreMartin Marietta Divests South Texas Cement, Concrete Assets
Martin Marietta Materials entered into a definitive agreement to sell its South Texas cement business and certain related concrete operations to CRH Americas Materials, a subsidiary of CRH plc, for $2.1 billion in cash.
Read MoreCemex Eyes Divestment of Dominican Republic Business
Cemex is exploring the potential sale of its business in the Dominican Republic as it focuses on larger markets, reported Bloomberg, noting that the non-core asset could fetch more than $1 billion.
Read MoreCEMEX Divests Costa Rica, El Salvador Assets
CEMEX signed an agreement for the sale of its operations in Costa Rica and El Salvador with Cementos Progreso Holdings S.L., through its subsidiaries, for $335 million.
Read MoreHolcim Sells Brazilian Business for $1 Billion
Holcim has reached a deal with Brazilian steelmaker CSN (Companhia Siderúrgica Nacional) for the divestment of its business in Brazil for an enterprise value of $1.025 billion. The sale includes five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities.
Read MoreBrazilian Producers Bid on LafargeHolcim Assets
Brazilian cement producers CSN Cimentos, Cimentos Mizu and Cimento Apodi, are among bidders for LafargeHolcim Brasil assets, reported Reuters.
Read MoreHeidelbergCement Reportedly Seeks to Divest $1.5 Billion U.S. Assets
Germany-based HeidelbergCement AG is exploring the sale of some of its U.S. assets as the producer’s chief executive Dominik von Achten seeks to divest peripheral businesses, reported Bloomberg. The company is working with Morgan Stanley on the sale of California operations, which could fetch around $1.5 billion, according to people familiar with the matter.
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