CEMEX announced this week that one of its subsidiaries in the U.S. has signed a definitive agreement to divest its U.S. Reinforced Concrete Pipe Manufacturing Business to Quikrete Holdings, Inc. for approximately U.S.$500 million plus an additional U.S.$40 million purchase price contingent on future performance.

The closing of this transaction is subject to the satisfaction of certain conditions, including approval from regulators. We currently expect to finalise this sale during the first quarter of 2017.

Read the complete press release: http://www.cemex.com/MediaCenter/PressReleases/PressRelease20161128.aspx