Cemex and Grupo Cementos de Chihuahua (GCC) have agreed terms and conditions regarding the sale to GCC of some Cemex US plants. The assets being sold by an affiliate of Cemex to an affiliate of GCC in the US have changed and mainly consist of Cemex’s cement plant in Odessa, Texas; two cement terminals and the building materials business in El Paso, Texas, and Las Cruces, New Mexico. Cemex’s cement plant in Lyons and cement terminal in Florence, both Colorado are no longer part of the assets being sold to G
Cemex and Grupo Cementos de Chihuahua (GCC) have agreed terms and conditions regarding the sale to GCC of some Cemex US plants.
The assets being sold by an affiliate of Cemex to an affiliate of GCC in the US have changed and mainly consist of Cemex’s cement plant in Odessa, Texas; two cement terminals and the building materials business in El Paso, Texas, and Las Cruces, New Mexico. Cemex’s cement plant in Lyons and cement terminal in Florence, both Colorado are no longer part of the assets being sold to GCC.
On closure of this transaction GCC will pay Cemex US$306 million (€274 million), and Cemex expects to finalise the deal before the end of 2016.
