Cemex - September 2016

Cemex is raising a further US$400m through the sale of cement assets in Ohio to Eagle Materials. The deal primarily concerns a 0.9Mta integrated cement works at Fairborn, but also covers a cement terminal at Columbus and a cement bagging operation. These assets are expected to generate a turnover in the region of US$79m and an EBITDA of some US$33m in 2016. The deal is expected to be completed at the turn of the year.