Mexican cement giant
The Austrian operations consist of 24 aggregate quarries (approximately 6.47 million tonnes of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.6 million m³ of ready-mixed sold in 2014). Cemex’s operations in Austria had net sales of approximately €216.4 million in 2014.
The Hungarian operations being divested consist of five aggregate quarries (approximately 1.36m tonnes sold in 2014) and 34 ready-mix plants (approximately 0.46 million m³ of ready-mixed sold in 2014). Cemex’s operations in Hungary had net sales of around €42.2 million in 2014.
Cemex says the proceeds obtained from the transaction will be used mainly for debt reduction and for general corporate purposes.
A company spokesman said that the closing of the transaction is subject to the satisfaction of standard conditions for this type of transaction, which includes authorisation by regulators. The firm expects to finalise the sale during the fourth quarter of 2015.
