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CEMEX Announces Sale of Certain Assets in Southeastern France

CX | February 1, 2021

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today the divestment of certain assets in Southeastern France as part of its strategy to focus its portfolio development into high growth markets.

CEMEX signed binding agreements to sell 24 concrete plants and 1 aggregates quarry in France to LafargeHolcim. These assets are located in the Rhone Alpes region in the Southeast of France, east of CEMEX's Lyon operations, which the company will retain.

CEMEX expects to finalize the transaction by early April, once closing conditions are met. No antitrust approval is required.

CEMEX expects to redeploy the proceeds from this transaction into growth projects in key markets.

CEMEX is a global building materials company that provides high-quality products and reliable services. 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, please visit: www.cemex.com

CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.