Holcim buys Cemex unit (Dealscape

Swiss building materials maker Holcim Ltd. on Monday agreed to pay A$2.02 billion ($1.64 billion) for the Australian division of Mexico's Cemex SAB de CV.

The deal represents a partial unraveling of Cemex's $14 billion acquisition of Rinker Group Ltd. in 2007, which set a record for an emerging-markets concern but left the Monterrey, Mexico, company vulnerable when U.S. housing markets collapsed shortly after the deal closed.

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NOT A SUBSCRIBER? Holcim buys Cemex unit Posted on June 15, 2009 4:51 PM Swiss building materials maker Holcim Ltd. on Monday agreed to pay A$2.02 billion ($1.64 billion) for the Australian division of Mexico's Cemex SAB de CV. The deal represents a partial unraveling of Cemex's $14 billion acquisition of Rinker Group Ltd. in 2007, which set a record for an emerging-markets concern but left the Monterrey, Mexico, company vulnerable when U.S. housing markets collapsed shortly after the deal closed. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 844 in-depth reports of M&A deals in the Manufacturing sector 83 articles related to Holcim Ltd. 72 company pages related to Mexico 16 in-depth transaction records for Cemex 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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