Cemex and Eagle finalise US Fairborn cement plant deal
First publishedon www.AggBusiness.com
A Cemex subsidiary in the US has closed the divestment of its Fairborn, Ohio, cement plant and cement terminal in Columbus, Ohio to a subsidiary of Eagle Materials, for approximately US$400 million (€375 million).
The proceeds obtained from the transaction will be used mainly for debt reduction and for general corporate purposes.
Bank of America Merrill Lynch acted as financial advisor to Cemex in this transaction.