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News Cemex looking to sell stake in Kosmos Cement plant in Kentucky

Cemex looking to sell stake in Kosmos Cement plant in Kentucky

Written by Global Cement staff 19 November 2019
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US: Cemex is looking to sell its majority stake in the Kosmos Cement plant at Louisville in Kentucky. Sources quoted by the El Financiero newspaper said that the integrated plant could be valued as high as US$750m. Cemex is working with Bank of America and Citigroup on the potential sale. Buzzi Unicem, through its subsidiary Dyckerhoff, owns the remaining stake in the plant. Cemex’s decision to try and sell the plant follows falling sales and profits for the Mexican building materials producer so far in 2019.

Last modified on 20 November 2019
Published in Global Cement News
Tagged under
  • US
  • Cemex
  • Divestments
  • Plant
  • Kentucky
  • Kosmos Cement
  • Buzzi
  • Dyckerhoff
  • GCW432
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