Cemex and Holcim close European transactions

Cemex has closed the series of transactions with Holcim, originally announced on August 28, 2013 and supplemented on October 30, 2014.

Cemex acquired all of Holcim’s assets in the Czech Republic and divested its assets in the western part of Germany to Holcim. 

In Spain, Cemex acquired Holcim’s Gador cement plant (cement capacity of 0.85 million tons) and its Yeles cement grinding station (cement capacity of 0.90 million tons).

As part of these transactions, Cemex paid €45 million in cash to Holcim. Cemex expects a recurring improvement in its EBITDA, including synergies, of about US$20 to US$30 million.

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