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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