The Austrian operations consist of 24 aggregate quarries (approximately 6.47 million tonnes of aggregates sold in 2014) and 34 ready-mixed concrete plants (approximately 1.6 million m³ of ready-mixed concrete sold in 2014). Cemex’s operations in Austria had net sales of approximately US$241 million (€216.5 million) in 2014.
The Hungarian operations being divested consist of five aggregate quarries (approximately 1.36 million tonnes of aggregates sold in 2014) and 34 ready-mixed concrete plants (approximately 0.46 million m³of ready-mix sold in 2014).
Cemex’s operations in Hungary had net sales of approximately US$47 million (€42 million) in 2014.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.
The closing of this transaction, expected in Q4 2015, is subject to the satisfaction of standard conditions for this type of transactions, which includes authorisation by regulators.
