CEMEX announced recently that its U.S. affiliate, Kosmos Cement company, a partnership with a subsidiary of BUZZI UNICEM S.p.A. in which CEMEX holds a 75% interest, has closed its previously announced divestment of its Kentucky Cement plant and related assets to Eagle Materials Inc. for an aggregate amount of approximately U.S.$665 million, of which the proceeds to CEMEX will be approximately U.S.$499 million.

The proceeds obtained by CEMEX from this transaction will be used mainly for debt reduction and for general corporate purposes.

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