Mexico: Cemex has announced that it will not make an offer to buy the assets being sold by Holcim and Lafarge in light of their merger. Instead, Cemex plans to focus on organic growth, generating more cash flow and reducing its leverage, according to general manager Fernando A Gonzalez Olivieri. Cemex's aims are to once again reach earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$4.70bn in 2016 or 2017 and to recover its investment grade via leverage reduction.
Cemex will not make offer to buy Holcim and Lafarge assets
Written by Global Cement staff
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