Cemex announced that it has divested its 11.92 per cent interest in Cementos Bio Bio, S.A. for approximately US$6 m or an implied enterprise value to EBITDA of nine times.
The proceeds from the sale will be applied towards debt reduction and the extraordinary gains from this transaction will be reflected in net income.
Cemex acquired this holding for US$34m in June 1999.
Cement consumption in Bolivia fell 17% in April
Demand for cement in Bolivia declined by 17.1 per cent in April 2026, according to the country’s...