Cemex mulls sale of stakes

Cemex mulls sale of stakes
Published: 27 April 2010

Cemex is considering selling off minority stakes in some of its worldwide operations in a bid to cut its debt, the Financial Times reported in its Tuesday edition.

Cemex chief executive, Lorenzo Zambrano, told the paper that the company was considering other ways to reduce its US$19.1bn debt.

“We are analysing selling minorities in some areas,” Zambrano told the FT.

“So instead of having 100 per cent of X company in a country, we are going to have 51-plus per cent…it is one of the things we are considering.”