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15 May 2019

CEMEX signs final agreement to sell German aggregates and ready-mixed concrete businesses

CEMEX has signed the final agreement to sell its aggregates and ready-mixed concrete assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately €87 million. The Mexican global building materials market giant currently expects to close the sale during the second quarter of 2019.

The CEMEX assets in Germany being divested consist of four aggregates quarries and four ready-mixed concrete facilities in North Germany, and nine aggregates quarries and 14 ready-mixed concrete facilities in North-West Germany.

The proceeds expected to be obtained from the sale will be used mainly for debt reduction and for general corporate purposes.

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