Cemex is selling most of its Colombia operations for about 555 million dollars, much of it to Holcim, as the Mexican maker pivots to the US.
Industry
Key Facts
—The deal. Cemex is divesting most of its Colombia operations for a combined price of about 555 million dollars.
—The buyer. The bulk, a cement plant and related assets, goes to Switzerland’s Holcim for 485 million dollars.
—The price. The Holcim sale values the assets at about ten times their annual operating earnings.
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