4 result(s) displayed (1 - 4 of 4):

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 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