Profitability

Profitability

Update On Divestment To Breedon

Good progress continues to be made with preparations for the sale of part of our business in the UK to Breedon. The restrictions that the CMA (Competition and Markets Authority) have put in place and of course the concerning situation with COVID-19 are presenting challenges for us, but Breedon and CEMEX remain committed to completing the transaction as soon as we reasonably can. We will keep everyone updated when we know more.

Three consultation meetings have been held so far with each of the three consultation groups.  Representatives from Breedon attended the second round of meetings, giving a general overview of the company as well as answers to questions. Thank you to our 30 Employee Representatives for their role in the ongoing consultation process, which is so important in making sure that all the people who are affected by the transfer receive regular updates and have opportunity to ask questions.