Cemex sells Austrian and Hungarian operations

Joe Malone

06 November 2015

cemex

cemex

Cemex has announced that it has closed the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately €160.1 million. Plans for the sale were originally announced in August.

The Austrian operations consist of 24 aggregate quarries and 34 ready-mix plants, which recorded sales of approximately US$241 million (€221.4 million) in 2014. Meanwhile, the Hungarian operations consist of five aggregate quarries and 34 ready-mix plants, which recorded sales of approximately US$47 million (€43.1 million) in 2014.

The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes, said Cemex.

Business & Finance Mergers & acquisitions Construction
STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA