The Cemex Surprise

The Cemex Surprise

M&A

On the Move: Cemex adds another acquisition to its expansion list Ever since their last big acquisition in 2000, Cemex executives said they were focused on paying down debt amassed from previous takeovers. But at the end of September, they did an about face and announced yet another blockbuster acquisition. Cemex would buy Britain's RMC Group, paying $4.15 billion cash and assuming another $1.6 billion in debt for a total $5.75 billion. While the deal caught many in the markets off their guard, it was a natural next step for a Mexican company that has spent a decade carving out a global presence. Nicholas Sake

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial