February 21, 2019 |
Mexico's Cemex said it has agreed to sell more assets in Europe to the German building supplies company Schwenk for €340m ($386m).
The deal includes cement production facilities and distribution terminals in Latvia, a cement plant in Lithuania and an export business in Estonia. It also includes import terminals in Finland, Norway and Sweden, Cemex said in a statement.
The assets generated approximately €27.3m in EBITDA in 2018, Cemex said.
Cemex also said it will use the money from the sale to p
Mexican cement maker offloads its Baltic and Nordic businesses to Germany's Schwenk for $386m