CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) 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
This press release contains forward-looking statements and
information that reflect CEMEX’s expectations and projections about
future events based on CEMEX’s knowledge of present facts and
circumstances and assumptions about future events, and that are
necessarily subject to risks, uncertainties, and assumptions. Many
factors could cause the actual results, performance, or achievements of
CEMEX to be materially different from those expressed or implied in this
release, including, among others, the closing conditions not being met,
changes in general economic, political, governmental and business
conditions globally and in the countries in which CEMEX does business,
changes in interest rates, changes in inflation rates, changes in
exchange rates, the level of construction generally, changes in cement
demand and prices, changes in raw material and energy prices, changes in
business strategy, and various other factors. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from
those described herein. CEMEX assumes no obligation to update or correct
the information contained in this press release. CEMEX is not
responsible for the content of any third-party website or webpage
referenced to or accessible through this press release.
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