All opinions expressed are those of the authors. Analyst Relations de C.V. (“CEMEX”) on the sale by a subsidiary of certain assets in the UK to Breedon Group (“Breedon”), for a total consideration of approximately U.S.$235 million, which includes approximately U.S.$31 million of debt. Reuters Breakingviews is the world's leading source of agenda-setting financial insight. +1(212) 317-6007 A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time. Breedon’s Cemex buyout is the third big deal it has struck over the past five years.

Breedon will finance the deal using its existing £350m credit facility and drawdown a further £80m debt. Breedon has struck a deal to buy around 100 Cemex sites in the UK.

Lucy Rodriguez Cement is a fine powder, obtained from the calcination at 1,450°C of a mix of limestone, clay, and iron ore.

Stop playing this dangerous fire-safety blame game, 08 Jan 2020 The Cemex assets will “substantially” expand its presence in the asphalt market, it said.

Slaughter and May advised Cemex, S.A.B. Part of Cemex’s paving solutions business in the UK, together with some inactive sites, are also included in the sale to Breedon.

The proceeds expected to be obtained from this divestment will be used mainly for debt reduction and for general corporate purposes. For more information on CEMEX, please visit: www.cemex.com, For more information on Breedon, please visit: www.breedongroup.com. Parts of Cemex’s Paving Solutions business in the UK are also included in the sale to Breedon. By David Price. The active assets being divested consist of 49 ready-mix plants, 28 aggregate quarries, 4 depots, 1 cement terminal, 14 asphalt plants, and 4 concrete products operations. Monterrey-based Cemex, which operates in more than 50 countries, said this year it was delaying capital expenditure and cutting a percentage of employees’ salaries or allowances for a period of three months to cut costs amid the coronavirus crisis. The sites produce aggregates, asphalt and ready mixed concrete. CEMEX assumes no obligation to update or correct the information contained in this press release.
After completion of the divestiture, CEMEX will still retain a substantial integrated business in the United Kingdom encompassing, among other things, cement production, ready-mix concrete, aggregates, asphalt, and paving solutions.

CEMEX said it remains committed to the United Kingdom and maintains a significant footprint in “key geographies”. Cemex’s UK assets comprise 100 active operations across six divisions located in Scotland, Wales, North-East England, Norfolk, the East Midlands, and Yorkshire. de C.V. (“CEMEX”) (NYSE: CX) announced today that one of its subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group (Breedon), for a total consideration of approximately U.S.$235 million, which includes approximately U.S.$31 million of debt. “This transaction further rebalances our portfolio into our core markets, enhances our profitability, and enables us to continue to focus on deleveraging. (Reporting by Anthony Esposito; editing by Jason Neely). HSBC acted as sole financial adviser to CEMEX on this transaction. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. mr@cemex.com

Jorge Pérez

In a statement, Breedon claimed the acquisition will give it access to new regional markets and increase its reserve of materials to last more than 27-years at current extraction rates. In April 2018 the company paid £455m to buy Belfast-based materials supplier Lagan Group and in 2015 it bought Hope Construction Materials for £336m. Sign in or Register a new account to join the discussion. MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. “With this transaction, our asset sales to date, announced or closed, have now reached close to the mid-range of our US$1.5-to-US$2.0-billion asset-divestment target under our ‘A Stronger CEMEX’ plan.”. Building supplier Cemex has said its cement plant at South Ferriby could be mothballed by the end of the year. Breedon’s share price was up 3.9 per cent by midday. EBITDA for 2018 generated by the divested assets was approximately U.S.$21 million (U.S.$29 million adjusted for IFRS 16).
CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

The company said the materials market remains highly fragmented, which presents more opportunities for future takeovers. +52(81) 8888-4256 Investor Relations This was around a quarter of the revenue and profit for Cemex’s entire UK operation.

Proceeds from the divestment will be used for debt reduction and general corporate purposes, Cemex said in a statement, without providing details on what assets were divested. MEXICO CITY, Aug 3 (Reuters) - Mexican cement producer Cemex SAB de CV said on Monday that it closed the sale of assets in the United Kingdom to Breedon Group for $230 million, including some $30 million of debt.


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