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Cemex SAB ( (CX) ) has provided an update.
Cemex has announced the completion of the sale of its operations in the Dominican Republic and businesses in Haiti to Cementos Progreso Holdings, S.L. for an enterprise value of $950 million, prior to standard adjustments. The divested assets include a cement plant with two integrated production lines and related assets, marking a significant shift in Cemex’s operational footprint and strategy in the Caribbean region.
More about Cemex SAB
Cemex, S.A.B. de C.V. is a leading global building materials company primarily involved in the production, distribution, and sale of cement, ready-mix concrete, and aggregates. The company operates in various international markets, focusing on providing high-quality construction materials for infrastructure, residential, and commercial projects.
YTD Price Performance: 3.51%
Average Trading Volume: 10,251,333
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.84B
Learn more about CX stock on TipRanks’ Stock Analysis page.
