5 result(s) displayed (1 - 5 of 5):

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 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