Cemex to Shed some Colombia Assets in $555 Million Deals; Buyers Include Holcim
13 Articles
13 Articles
Cemex to shed some Colombia assets in $555 million deals; buyers include Holcim
Mexican cement maker Cemex on Wednesday said it plans to sell some assets in Colombia in deals it expects to bring in around $555 million, as it continues to shed assets outside of its core markets.
The Mexican cement company, Cemex, announced that it plans to sell part of its assets in Colombia for a total of 555 million dollars (mdd), as part of its strategy to concentrate investments in its key markets. We are satisfied with the continuous progress we are making to further optimize our portfolio, while focusing on investing and strengthening our position in key geographies and businesses in the United States, Europe and Mexico said Jaime…
Holcim Strengthens Its Position in Colombia with Acquisition of CEMEX Operations
Holcim, the global leader in sustainable construction solutions, has signed an agreement to acquire a significant portion of CEMEX's building materials and construction solutions operations in Colombia. The deal, valued at approximately USD 485 million, is expected to add around USD 360 million in additional net sales for 2026 and significantly expand Holcim's operational footprint in the country.
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