Cemex concludes US$35mn sale of interest in Ventika wind farm project, Mexico

Cemex says it has concluded the around US$35 million sale of its equity minority interest in the Ventika wind farm project in Mexico. CE IEnova acquired 100% of the equity in Ventika from Blackstone Energy Partners, Fisterra Energy, and other minority shareholders, including Cemex. Cemex Energia will remain as the manager of the Ventika windfarm facilities. Cemex says the proceeds obtained from the transaction will be used mainly for debt reduction and for general corporate purposes.
December 16, 2016 Read time: 1 min

643 Cemex says it has concluded the around US$35 million sale of its equity minority interest in the Ventika wind farm project in Mexico. CE

IEnova acquired 100% of the equity in Ventika from Blackstone Energy Partners, Fisterra Energy, and other minority shareholders, including Cemex.

Cemex Energia will remain as the manager of the Ventika windfarm facilities. Cemex says the proceeds obtained from the transaction will be used mainly for debt reduction and for general corporate purposes.

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