CEMEX, S.A.B. de C.V. (BMV:CEMEX CPO) agreed to acquire Ready-Mixed Concrete Business Of Heidelberg Cement AG In Asturias from HeidelbergCement AG.
October 03, 2021
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CEMEX, S.A.B. de C.V. (BMV:CEMEX CPO) agreed to acquire Ready-Mixed Concrete Business Of Heidelberg Cement AG In Asturias from HeidelbergCement AG (XTRA:HEI) on October 4, 2021. In similar transaction unknown buyers has agreed to acquire Ready-Mixed Concrete Businesses Of HeidelbergCement AG In The Regions Of Catalonia and Madrid in Spain and Balearic Islands. All transactions are subject to some conditions precedent before final closing.
Joaquín Echánove, Luis Borrero and Pablo García, who have worked together with Sonia Fernandez Lovelle and Iñigo García Atance, as well as Joaquín Hervada together with Rafael Maldonado of DLA Piper Rudnick Gray Cary Spain S.L acted as legal advisors to Heidelberg Cement in the transaction. Schlangenotto, Jürgen and Theelen, Thomas of KPMG Deal Advisory in Germany and Spain advised HeidelbergCement AG as exclusive financial advisor on the sale of the aggregate and concrete business in Madrid to CEMEX, S.A.B. de C.V.
Cemex SAB de CV is a Mexico-based operating and holding company primarily engaged, directly or indirectly, through subsidiaries, in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other globally provided construction materials. The construction-related services supply customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. The cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Puerto Rico, Thailand and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.
CEMEX, S.A.B. DE C.V. 
