Cemex sells remaining direct stake in Grupo Cementos de Chihuahua

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Mexico: Cemex has sold its remaining direct 9.47% stake in Grupo Cementos de Chihuahua (GCC) for around US$168m. Proceeds from the sale will be used for debt reduction and for ‘general’ corporate purposes. However, the Mexican cement producer will continue to hold a 20% indirect stake in GCC through its subsidiary Camcem.

Last modified on 04 October 2017

URL: https://globalcement.com/news/item/6611-cemex-sells-remaining-direct-stake-in-grupo-cementos-de-chihuahua

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