Â鶹´«Ã½ and Cemex close their series of transactions in Europe

Â鶹´«Ã½ and Cemex today announce the successful closure of their series of transactions in Europe.

Â鶹´«Ã½ acquired Cemex’s operations in western Germany and the Netherlands while Cemex took over Â鶹´«Ã½ Czech Republic with all its subsidiaries in the country. In Spain, Cemex purchased Â鶹´«Ã½â€™s Gador cement plant and Yeles grinding station, while Â鶹´«Ã½ keeps its remaining operations.

As a result of the transactions, Cemex paid Â鶹´«Ã½ EUR 45 million in cash. Â鶹´«Ã½ expects sustainable additional operating EBITDA of at least EUR 10 million on a yearly basis.
 

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Â鶹´«Ã½ is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in around 70 countries on all continents.
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