Under the main scope of the transactions between the global cement sector giants, Cemex will acquire all of Holcim’s assets in the Czech Republic and will divest its assets in the western part of Germany to Holcim. In Spain, Cemex will now acquire Holcim’s Gador cement plant (cement capacity of 0.85 million tonnes) and its Yeles cement grinding station (cement capacity of 0.90 million tonnes). Holcim will keep all its other operations in Spain.
As part of these transactions, Cemex will pay €45 million in cash to Holcim. Once the transactions are closed, Cemex expects a recurring improvement in its EBITDA, including synergies, of about €15.71 million to €23.56 million.
All the Cemex-Holcim transactions are expected to close during the first quarter of 2015.
