CEMEX Closes Series Of Transactions With Holcim - Quick Facts

(RTTNews) - Building materials company CEMEX, S.A.B. de C.V. (CX) said it has closed the series of transactions with Holcim, originally announced on August 28, 2013 and supplemented on October 30, 2014.

CEMEX acquired all of Holcim's assets in the Czech Republic and divested its assets in the western part of Germany to Holcim. In Spain, CEMEX acquired Holcim's Gador cement plant and its Yeles cement grinding station.

As part of these transactions, CEMEX paid 45 million euros in cash to Holcim. The firm expects a recurring improvement in its EBITDA, including synergies, of about $20 million to $30 million.