cemex sab-cpo (CXMSF) Key Developments
Lafarge And Holcim Receives Bid Approach For Its Assets
Dec 16 14
Lafarge S.A. (ENXTPA:LG) and Holcim Ltd. (SWX:HOLN) are planning to sell €6 billion worth of assets. The three groups expected to hand in binding bids by a mid January 2014 are CRH Medical Corporation (TSX:CRH), The Blackstone Group L.P. (NYSE:BX), Cinven and Canada Pension Plan Investment Board, a team consisting of CVC Limited (ASX:CVC) and sovereign wealth funds Abu Dhabi Investment Authority and GIC Pte. Ltd. Lafarge and Holcim will sell overlapping assets worth 12% of combined revenues to secure European Union antitrust approval for their merger earlier this week. Holcim said in November 2014 that it has more than 60 tentative bids from industry interests and private equity firms for the assets. Italcementi SpA (BIT:IT) and Sabanci Cimento Group are interested only in some of the assets, the sources said. "The seller is likely to prefer a sale of the complete bundle to one buyer, as a divestment in pieces bears the risk of being left with unattractive, unsellable parts," one of the sources said. HeidelbergCement AG (DB:HEI) and CEMEX, S.A.B. de C.V. (NYSE:CX) said that they are not interested in the assets. BC Partners, Advent International Corporation and Temasek Capital Management Pte Ltd as well as Bain Capital Ltd and Onex Corporation (TSX:OCX) have also shelved their preparatory work, sources familiar with the deal said. A Lafarge spokeswoman said: "The sales process is progressing well. Holcim and Lafarge have established a clear process for their divestments and we expect final bids early 2015." Onex, Sabanci and GIC were not immediately available for comment. The other companies and investors declined to comment.
CEMEX, S.A.B. de C.V. Announces Restart of the Tepeaca Cement Plant Expansion
Dec 1 14
CEMEX, S.A.B. de C.V. announced the restart of the Tepeaca cement plant expansion. By 2017 the total production capacity will reach 7.6 million tons per year. Total investment is estimated to be approximately USD 650 million. The additional investment, in order to add 4.4 million tons per year to the current capacity, will be approximately USD 200 million, since the company had already invested close to USD 450 million by 2008. This investment will allow CEMEX to be fully prepared to better serve its Mexican market in that region. The expansion is expected to generate approximately 1,500 jobs during the construction phase and about 100 direct and 240 indirect jobs once operations begin.
CEMEX, S.A.B. de C.V. Presents at UBS Global Emerging Markets One-on-One Conference, Dec-02-2014
Dec 1 14
CEMEX, S.A.B. de C.V. Presents at UBS Global Emerging Markets One-on-One Conference, Dec-02-2014 . Venue: The Westin New York Grand Central, 212 East 42nd Street at 3rd Avenue, New York, New York, United States.
CEMEX, S.A.B. de C.V. Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-02-2014 01:30 PM
Nov 19 14
CEMEX, S.A.B. de C.V. Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-02-2014 01:30 PM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Maher Al-Haffar, Executive Vice President of Investor Relations, Corporate Communications and Public Affairs.
CEMEX, S.A.B. de C.V. Presents at Citi's Building Conference 2014, Nov-12-2014 09:25 AM
Nov 9 14
CEMEX, S.A.B. de C.V. Presents at Citi's Building Conference 2014, Nov-12-2014 09:25 AM. Venue: Stirling Square, 5-7 Carlton Gardens, London SW1Y 5AD, United Kingdom. Speakers: Eduardo Rendon, Investor Relations.