Cemex SAB (CX) has released an update.
In a strategic move, Cemex S.A.B. de C.V., a major player in the building materials industry, has announced the sale of its roughly 34.8% stake in Neoris N.V. for a cash consideration of approximately $209 million, with the transaction expected to close by the end of 2024. Despite this divestiture, Cemex will maintain its commercial relationship with Neoris post-sale, ensuring ongoing collaboration between the two entities.
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