The assets, which would be sold to a US affiliate of GCC, mainly consist of Cemex’s cement plants in Odessa, Texas and Lyons, Colorado, three cement terminals and the building materials business in El Paso, Texas and Las Cruces, New Mexico.
Closing of this transaction is subject to final binding agreements being signed as well as to the fulfilment of various conditions precedent, mainly confirmatory due diligence and approvals from competition authorities. Cemex currently expects to finalise this transaction before the end of 2016.
