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CEMEX sells Dominican Republic operations, including Haiti exports, to Cementos Progreso Holdings for $950m.
Mexican building materials firm CEMEX is selling its Dominican Republic operations, including export businesses to Haiti, to Cementos Progreso Holdings and strategic partners for approximately $950m.
The deal will fund CEMEX's growth strategy, particularly in the US.
The sold assets include a cement plant in the Dominican Republic with two integrated production lines, cement, concrete, aggregates, and marine terminal assets.
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CEMEX vende operaciones de República Dominicana, incluyendo exportaciones de Haití, a Cementos Progreso Holdings por $950m.