CEMEX Signs Final Agreement To Divest Aggregates & Readymix Assets In Germany

CEMEX announced recently that it has signed the final agreement to sell its Aggregates and Readymix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately €87 million. CEMEX currently expects to close this divestment during the second quarter of 2019.

The assets in Germany being divested consist of 4 Aggregates quarries and 4 Readymix facilities in North Germany, and 9 Aggregates quarries and 14 Readymix facilities in North-West Germany.

The proceeds expected to be obtained from this divestment will be used mainly for debt reduction and for general corporate purposes.

Please read the complete press release: