Cement News tagged under: Kosmos Cement Co
Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc09 March 2020, Published under Cement NewsCemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an aggregate amount of US$665m, of which Cemex will receive approximately US$499m. Meanwhile, Buzzi Unicem has sold its 25 per cent share in Kosmos Cement to Eagle Materials Inc. The deal includes the divestment of the Louisville cement plant and seven terminals and raw material reserves. |
Eagle Materials' acquisition of Kosmos receives approval14 January 2020, Published under Cement NewsThe US-based Federal Trade Commission (FTC) has cleared Eagle Materials Inc’s agreement to acquire certain assets from Kosmos Cement Company, Kentucky, a joint venture between Cemex and Buzzi Unicem. The anti-trust approval was received on 9 January. The assets being divested consist of the 1.7Mta cement plant in Louisville and seven distribution terminals as well as raw material reserves. The net proceeds obtained from this transaction will be distributed to Cemex and Buzzi Unicem in... |
Eagle Cement acquires Cemex's shares in Kosmos Cement27 November 2019, Published under Cement NewsKosmos Cement Co in Kentucky, USA, a joint venture between Cemex and Buzzi Unicem, has signed an agreement for the sale of certain assets to Eagle Materials. The US$665m transaction is expected to close in the 1Q20 following regulatory approvals. The assets being divested consist of the 1.7Mta cement plant in Louisville and seven distribution terminals as well as raw material reserves. The net proceeds obtained from this transaction will be distributed to Cemex and Buzzi Unicem in line w... |
Cemex reportedly looks to sell stake in Louisville plant22 November 2019, Published under Cement NewsCemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp and Citigroup Inc on the sale of its 75 per cent stake, said the unnamed sources for El Financiero. The remaining stake in the company is owned by Buzzi Unicem. The sources also noted that no definitive decisions have been made and the deliberations may not lead to a transaction. |
USA: Cemex settles with EPA28 July 2016, Published under Cement NewsCemex and its affiliate, Kosmos Cement Company, have reached a settlement deal with the Environmental Protection Agency (EPA) to resolve alleged historical violations of the Clean Air Act at five cement plants in Alabama, Kentucky, Tennessee and Texas. Cemex will invest around US$10m to cut emissions of harmful pollution. Emissions monitoring and reduction equipment will be installed at the five plants. Cemex will also pay US$1.69m in civil penalties, conduct energy audits and spend US$15... |
Page
1
of
1
1