USA: Cemex Fairborn plant and terminal is sold to Eagle Materials

Cemex has announced that one of its subsidiaries in the US has closed the divestment of its Fairborn (OH) cement plant and cement terminal in Columbus (OH) to a subsidiary of Eagle Materials Inc for around US$400m.

The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

Bank of America Merrill Lynch acted as financial advisor to Cemex in this transaction.