Grupo Cementos de Chihuahua SAB de CV (GCC.MX)
16 Feb 2018
Latest Key Developments (Source: Significant Developments)
Cemex Sab De Cv
Cemex Sab De Cv: Cemex and GCC agree on terms and conditions for sale of certain U.S. assets . Says GCC will pay Cemex U.S.$306 million . Currently expect to finalize transaction before end of 2016 . Cemex's cement plant in Lyons, Colorado and cement terminal in Florence, Colorado are no longer part of assets being sold to GCC . Citigroup is acting as financial advisor to Cemex in transaction .Assets mainly consist of cement plant in Odessa, 2 cement terminals, building materials business in El Paso, Texas and Las Cruces, new Mexico. Full Article
MEXICO CITY, Oct 26 Mexican cement producer Cemex shrugged off earthquakes and hurricanes in its top markets to post a better-than-expected quarterly profit on Thursday, helped by a lower tax burden and lower financial costs.