9 result(s) displayed (1 - 9 of 9):

Holcim gets Cemex assets half price (from Corporate Dealmaker)

Mexico's Cemex SAB de CV (NYSE:CX) completed its $1.7 billion sale of Australian assets to Holcim Ltd. in what it called a milestone in its efforts to "regain financial flexibility." Selling for about half of what it paid, the building materials giant has done quite a bit of restructuring to...

Posted on October 1, 2009 4:10 PM

Cemex shares sink on weak valuation (from Corporate Dealmaker)

Mexico's Cemex SAB de CV (NYSE:CX) is selling its Australian assets to Holcim Ltd. for A$2.02 billion ($1.64 billion). The deal is seen as a good strategic move, but a true valuation sent Cemex shares tumbling.A Bloomberg report quoted an analyst saying there is little reason to own shares...

Posted on June 15, 2009 2:28 PM

Cemex, subject of an EU probe, still selling assets (from Corporate Dealmaker)

On Friday, the world's No. 3 cement maker Cemex SAB de CV sold its Canary Islands operations to Cimpor Inversiones SA, a Spanish investment holding company. The deal is valued at about €162 million ($211 million). And Cemex, once an avid acquirer, will use that money to reduce debt as it's reeling...

Posted on November 7, 2008 2:24 PM

$16B bet on U.S. housing industry costs Cemex (from Corporate Dealmaker)

Mexico's Cemex SAB de CV, one of the world's largest cement makers, is being forced to cut costs, jobs and sell assets as it reported losses due to the U.S. housing crisis.From 1995 to 2001, the Mexican giant did 25 acquisitions. Last year, it spent $16 billion on Australia's Rinker...

Posted on October 16, 2008 5:30 PM

Cemex takes Venezuela dispute to World Bank unit (from Corporate Dealmaker)

On Monday night, government officials, backed by National Guard troops, took control of the Venezuelan operations of the largest cement maker in the country, Cemex SAB de CV. Now the Mexican company is crying foul. It says the government's $650 million offer isn't enough. But Venezuelan Vice President Ramon...

Posted on August 21, 2008 9:26 AM

What's it like to be partners with Hugo Chavez? (from Corporate Dealmaker)

As we noted yesterday, the Venezuelan government has taken over the local assets of Cemex SAB de CV. President Hugo Chavez added cement to the list of key industries he wants to nationalize back in April, complaining that foreign-owned manufacturers were exporting too much and impeding efforts to build housing...

Posted on August 20, 2008 11:55 AM

Venezuela wrests control of Cemex operations (from Corporate Dealmaker)

Last year, cement maker Cemex SAB de CV of Mexico spent $16 billion on Australia's Rinker Ltd., which had 80% of its operations in the U.S. In order to navigate a U.S. housing crisis and a slowdown in other key markets, Cemex enacted a global sell off and is even trying to squeeze a few more bucks out of Venezuela's President, Hugo Chavez ...

Posted on August 19, 2008 9:36 AM

Cemex restructures amid U.S. housing crisis (from Corporate Dealmaker)

Cement maker Cemex SAB de CV says it is a growing global building materials company serving customers in more than 50 countries. From 1995 to 2001, the Mexican conglomerate did 25 acquisitions anticipating growth in the sector. Last year, it spent $16 billion on Australia's Rinker Ltd., which had 80% of operations in the U.S. Now, Cemex faces a battered U.S. housing market and a slowdown in key European markets ...

Posted on August 7, 2008 1:45 PM

Global integration the Cemex way (from Corporate Dealmaker)

Cemex SA de CV, the global cement and ready-mix concrete producer, has plants and customers all over the world. Nowadays many of those customers can pull their trucks up to the local Cemex depot, punch a button and load up with cement. The system saves time for customers, who no...

Posted on February 15, 2004 6:45 PM