CEMEX, Holcim Agree On Series Of Transactions - Quick Facts

(RTTNews) - CEMEX, S.A.B. de C.V. (CX) announced that it has signed binding agreements with Holcim regarding the series of transactions originally announced on August 28, 2013.

The company said the main scope of the transactions in Germany and the Czech Republic remain unchanged. CEMEX will acquire all of Holcim's assets in the Czech Republic and will divest its assets in the western part of Germany to Holcim. In Spain, CEMEX will now acquire Holcim's Gador cement plant which has cement capacity of 0.85 million tons and its Yeles cement grinding station with a cement capacity of 0.90 million tons. Holcim will keep all its other operations in Spain.

As part of these transactions, CEMEX said it will pay €45 million in cash to Holcim and once these transactions are closed, it expects a recurring improvement in its EBITDA, including synergies, of about US$20 million to US$30 million.

The company expects these transactions to close during the first quarter of 2015.