Cemex Realigns in Europe

Cemex Realigns in Europe

Mexico Europe M&A

Cemex has agreed to exchange assets with Switzerland Holcim as it seeks to improve its Ebitda and strategic footprint in Europe, it says. The Mexican cement company is to acquire all of Holcim’s assets in the Czech Republic, and will give Hoclim assets including one cement plant and two grinding mills in Western Germany. In Spain, the two will put all cement, ready-mix and aggregates operations in a vehicle to be 75% controlled by Cemex. Finally, Holcim will pay Cemex EUR70m ($93m) cash. “Our fi

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