Cemex SAB (CX) has released an update.
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Cemex SAB has divested its Guatemalan operations to Holcim Group for $200 million, with the sale including a grinding mill, three ready mix plants, and five distribution centers. The proceeds from this divestiture are set to be reinvested in developed markets like the U.S., focusing on aggregates, urbanization solutions, and cement, particularly emphasizing low-carbon and circular economy initiatives to spur sustainable growth. The company’s growth strategy also involves bolt-on acquisitions in markets where it already has a presence.
For further insights into CX stock, check out TipRanks’ Stock Analysis page.
