CEMEX finalises divestment of Kentucky cement plantVisits : 637

CEMEX finalises divestment of Kentucky cement plant

CEMEX has announced that its US affiliate, Kosmos Cement Company (‘Kosmos’), 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 US$665 million, of which the proceeds to CEMEX will be approximately US$499 million.