Colombia: Cemex will divest certain operations in Colombia through several transactions ‘with different parties’, for a combined purchase price of approximately US$555m. The producer signed an agreement with Holcim to sell the Caracolito cement plant, the Santa Rosa grinding mill and selected ready-mix concrete, aggregates, mortar and admixture plants for a purchase price of US$485m. The transaction with Holcim is expected to close at the end of 2026, subject to regulatory approvals.
Cemex is also negotiating with other parties on the sale of remaining assets in ‘the same general geographic area’, that were not included in the Holcim transaction, for approximately US$70m. Following the completion of the transactions, the company will retain the Maceo and Cúcuta cement plants, with a combined installed capacity of 1.6Mt/yr, as well as the Clemencia grinding mill, ready-mix concrete plants and aggregates quarries.
CEO Jaime Muguiro said “We are pleased with the continued progress we are making in further streamlining our portfolio, while we focus on investing and strengthening our position in key geographies and businesses in the US, Europe and Mexico. We began our portfolio rebalancing effort in 2018 and have accomplished most of what we have set out to do.”
Holcim said that the acquisition will add more than 20 production sites, and complement its existing operations in Colombia, which include one cement plant in Nobsa, eight ready-mix concrete plants, one admixtures plant and one aggregates plant.
