March 20, 2019 |
Mexico's Cemex said it has agreed to sell its aggregates and ready-mix subsidiaries in Germany to GP Günter Papenburg for roughly €87m ($98.7m).
Cemex expects to sign a final agreement in April and close the sale before the end of the second quarter this year. The deal involves 13 aggregates quarries and 18 ready-mix facilities in northern and western Germany, Cemex said in a statement.
The cement maker also said it will use the money from the sale to pay off debt and cover general corporate exp
Mexican cement company offloads quarries and ready-mix facilities to GP Günter Papenburg for $99m