Cemex sells remaining direct stake in Grupo Cementos de Chihuahua

Print this page

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

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

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

© 2022 Pro Global Media Ltd. All rights reserved.