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News Cementos Progreso acquires Cemex’s Costa Rica and El Salvador assets for US$329m

Cementos Progreso acquires Cemex’s Costa Rica and El Salvador assets for US$329m

Written by Global Cement staff 01 September 2022
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Mexico: Cemex has successfully closed its sale of its Costa Rica and El Salvador subsidiaries to Cementos Progreso for US$329m. Cemex plans to use the proceeds from the divestments to fund its bolt-on investment growth strategy, reduce its debt and for other general corporate purposes.

Last modified on 07 September 2022
Published in Global Cement News
Tagged under
  • Costa Rica
  • El Salvador
  • Cemex
  • Acquisition
  • Cementos Progreso
  • Assets
  • Deal
  • Debts
  • GCW573
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