This week CEMEX announced the divestment of certain assets in Southeastern France as part of its strategy to focus its portfolio development into high growth markets.

CEMEX signed binding agreements to sell 24 Concrete plants and one Aggregates quarry in France to LafargeHolcim. These assets are located in the Rhone Alpes region in the Southeast of France, East of CEMEX’s Lyon operations, which the company will retain.

CEMEX expects to finalise the transaction by early April, once closing conditions are met. No antitrust approval is required.

CEMEX expects to redeploy the proceeds from this transaction into growth projects in key markets.