CEMEX announced that it has reached a binding agreement with Çimsa Çimento Sanayi Ve Ticaret A.S., to divest CEMEX’s white cement business, including its Buñol cement plant in Spain, for approximately US$180 million.

CEMEX currently expects it could sign the final agreement during April 2019 and close this divestment during the second half of 2019. The proposed divestment does not include CEMEX’s white cement business in Mexico as well as the investment in Lehigh Cement in the USA.

Please read the complete press release: https://cmx.to/2HxkxdI