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 MoreCEMEX Divests Costa Rica, El Salvador Assets
Tag: divestment
Holcim 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.
Read More