Cemex To Divest Its Operations In The Philippines
April 25 (Reuters) -Cemex SAB de CV CEMEXCPO.MX:
CEMEX TO DIVEST ITS OPERATIONS IN THE PHILIPPINES
CEMEX SIGNED AGREEMENT WITH DACON CORPORATION, DMCI HOLDINGS, INC. AND SEMINARA MINING & POWER CORPORATION
MEXICO'S CEMEX SAYS AGREEMENT FOR THE SALE OF ITS OPERATIONS AND ASSETS IN THE PHILIPPINES
MEXICO'S CEMEX SAYS ASSETS SOLD CONSISTS OF 100% EQUITY INTEREST IN CEMEX ASIAN SOUTH EAST CORPORATION, WHICH OWNS APPROXIMATELY 89% OF CEMEX HOLDINGS PHILIPPINES
MEXICO'S CEMEX SAYS PURCHASE PRICE RESULTING FROM DEDUCTING FROM AN ENTERPRISE VALUE OF $660 MILN THE NET DEBT AND 10.14% MINORITY INTEREST IN CHP
MEXICO'S CEMEX SAYS ASSETS ALSO CONSIST OF 40% INDIRECT EQUITY INTEREST IN EACH OF APO LAND & QUARRY CORPORATION FOR 40% OF AN AGGREGATE ENTERPRISE VALUE OF $140 MILLION
MEXICO'S CEMEX EXPECTS TO FINALIZE TRANSACTION BEFORE YEAR-END 2024
Source text for Eikon: [ID:]
Further company coverage: CEMEXCPO.MX
Reporting by Natalia Siniawski
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