Cemex closes Holcim transaction series

643 CEMEX says it has closed a series of transactions with 680 Holcim, originally announced on August 28, 2013 and supplemented on October 30, 2014. The Mexican headquartered building materials’ giant acquired all of Holcim’s assets in the Czech Republic and divested its assets in the western part of Germany to Holcim. In Spain, CEMEX acquired Holcim’s Gador cement plant (cement capacity of 0.85 million tonnes) and its Yeles cement grinding station (cement capacity of 0.90 million tonnes). As part of these transactions, CEMEX paid €45 million in cash to Holcim. CEMEX expects a recurring improvement in its EBITDA, including synergies, of about €16.75 million to €25.1 million.